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US seeks $900,000 in assets of former South Korean strongman

Published on Apr 25, 2014 5:09 AM
 

WASHINGTON (AFP) - The United States on Thursday said it is seeking to recover more than US$700,000 in alleged corruption proceeds of South Korea's disgraced former strongman Chun Doo-Hwan.

The US Justice Department filed a civil forfeiture complaint in a US federal court in California to confiscate the funds, which were seized in the sale of a house in Newport Beach, California purchased by Chun's son, Chun Jae Yong, in 2005.

The house was allegedly purchased with the benefits of the father's corrupt dealings, and the Justice Department said it was sold by Chun's relatives. They are seeking to take control of US$721,951 (S$908,604) from the sale.

"While serving as Korea's president, Chun Doo-Hwan betrayed the Korean people by taking over US$200 million in bribes, some of which his family members then illegally laundered into the United States," said Acting Assistant Attorney General David O'Neil in a statement.

 
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