Lotte Group Chairman Shin Dong-bin was charged with embezzling US$50 million and illegally offering relatives business favours that cost the group about $120 million. Photo: EPA

Lotte scandal: Prosecutors seek 10-year jail term for chairman of South Korean retail giant

Chairman Shin Dong-bin awarded lucrative deals or paid ‘wages’ worth millions of dollars to relatives who made little contribution to management, prosecutors said

Topic |   South Korea

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Lotte Group Chairman Shin Dong-bin was charged with embezzling US$50 million and illegally offering relatives business favours that cost the group about $120 million. Photo: EPA
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