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S. Korea opposition MP charged with corruption

Published on Sep 28, 2012 3:45 PM

SEOUL (AFP) - A senior opposition politician was indicted on Friday for his role in a major corruption scandal involving South Korea's troubled savings banks, prosecutors said.

Park Jie Won, the floor leader of the main opposition Democratic United Party, was not detained, prosecutors said, but would stand trial on graft charges.

He is accused of receiving 80 million won (S$88,000) from two savings banks in return for lobbying for their survival.

The scandal erupted in early 2011 when Busan and three other savings banks were suspended for inadequate liquidity, triggering a wider probe into irregularities by other banks.

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