South Korean Prosecutors Question Lotte Chairman Shin Dong-Binby
Shin summoned as part of probe into corruption allegations
The head of retail giant says he’ll cooperate with prosecutors
Lotte Group Chairman Shin Dong-Bin was summoned by South Korean prosecutors Tuesday, the highest ranking executive to be questioned as part of an investigation into alleged corruption at the retail giant.
A live televised broadcast showed Shin standing before a throng of reporters before entering the Seoul Central District Prosecutors’ office building where he was scheduled to be questioned by investigators probing allegations of slush funds, embezzlement and tax evasion at one of South Korea’s largest conglomerates.
“I will sincerely cooperate with the prosecutors’ investigation,” Shin said before he was escorted into the building. “I will answer questions from the prosecutors.”
The summon comes just two weeks after prosecutors questioned his father and elder brother as investigators resumed their probe, which was temporary halted last month after the group’s vice chairman was found dead hours before he was scheduled to be questioned.