Lotte chairman freed after jail term suspended

Shin Dong-bin was found guilty of charges including bribery and breach of trust.
Shin Dong-bin was found guilty of charges including bribery and breach of trust.PHOTO: BLOOMBERG

SEOUL • A South Korean appeals court said yesterday it found the chairman of Lotte Group guilty of charges including bribery and breach of trust, but suspended his jail term, setting him free.

A lower court had sentenced Shin Dong-bin, 63, in February to two years and six months in prison for his role in an influence-peddling scandal that roiled the country and led to the ouster of former South Korean president Park Geun-hye.

Shin appealed and the Seoul High Court yesterday upheld his conviction, but suspended the jail sentence for four years, freeing him after more than seven months in detention.

Shin was convicted for providing 7 billion won (S$8.6 million) to two foundations controlled by the former president's close friend in return for favours to win a duty-free licence.

The Seoul High Court said in its decision that Shin's crime resulted from a request by the former president. "It could have been difficult for Shin to directly decline the president's request as she was the country's highest power," the court said.

Lotte Group said it welcomed the court's decision to release its chairman. "Lotte will strive to contribute to the country's economy and to become a firm that takes full social responsibility," it said.

Samsung Group's de facto leader, Lee Jae-yong, was also convicted of corruption in the same bribery scandal. But he was freed in February after the appeals court suspended his sentence.

 

REUTERS

A version of this article appeared in the print edition of The Straits Times on October 06, 2018, with the headline 'Lotte chairman freed after jail term suspended'. Print Edition | Subscribe