South Korean prosecuters seeking 10-year jail term for Lotte Group chairman Shin

Lotte Group chairman Shin Dong Bin was charged with embezzlement and breach of trust in October 2016.
Lotte Group chairman Shin Dong Bin was charged with embezzlement and breach of trust in October 2016.PHOTO: AFP

SEOUL (REUTERS) - South Korean prosecutors are seeking a 10-year jail term for Lotte Group chairman Shin Dong Bin after bringing corruption charges against him last year, a Lotte spokesman said.

Shin was charged with embezzlement and breach of trust in October 2016 after a high-profile prosecution probe into South Korea's fifth-largest conglomerate.

A prosecution spokesman declined comment.