Seoul court denies arrest warrant for Lotte Group chairman; corruption probe continues

Seoul court denies arrest warrant for Lotte Group chairman; corruption probe continues
 

A South Korean court rejected a request by prosecutors for a warrant to arrest Lotte Group Chairman Shin Dong-bin in the latest twist in a wide-ranging corruption probe that has convulsed the country's fifth-largest family-run conglomerate.
But an investigation that has constricted management since June, derailing plans for billion-dollar deals, isn't about to go away overnight. Prosecutors may re-submit their request, Yonhap news agency reported, and warrant or not, Shin could yet face trial - a process that with appeals could last many months.
A Seoul Central District Court judge said... read more

 
29 September 2016 in Business, Views: 36
Source: Reuters
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