Lotte Group chief questioned by prosecutors over S.Korea's political scandal: YTN

November 15, 2016 12:30 AM EST

Lotte Group chairman Shin Dong-bin speaks during a news conference in Seoul, South Korea, October 25, 2016. REUTERS/Kim Hong-Ji


Get inside Wall Street with StreetInsider Premium. Claim your 2-week free trial here.

SEOUL (Reuters) - Lotte Group Chairman Shin Dong-bin is being questioned by South Korean prosecutors over the country's political scandal, broadcaster YTN reported on Tuesday.

The report, if true, would make him the latest head of a South Korean conglomerate to be grilled by investigators looking into whether President Park Geun-hye put improper pressure on business tycoons to raise funds for two foundations.

A Lotte Group spokesman said he could not confirm the report. A prosecution official was not immediately available for comment.

(Reporting by Hyunjoo Jin and Ju-min Park; Editing by Stephen Coates)



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Reuters

Add Your Comment