Search

Editors

Harry Cassin Publisher and Editor

Andy Spalding Senior Editor

Jessica Tillipman Senior Editor

Richard L. Cassin Editor at Large

Elizabeth K. Spahn Editor Emeritus 

Cody Worthington Contributing Editor

Julie DiMauro Contributing Editor

Thomas Fox Contributing Editor

Marc Alain Bohn Contributing Editor

Bill Waite Contributing Editor

Shruti J. Shah Contributing Editor

Russell A. Stamets Contributing Editor

Richard Bistrong Contributing Editor 

Eric Carlson Contributing Editor

Bill Steinman Contributing Editor

Aarti Maharaj Contributing Editor


FCPA Blog Daily News

« Ex-Hanover Corp CEO jailed 14 years for $18 million Ponzi scheme | Main | In ‘soap-operatic’ McDonnell trial, Bob throws wife under the bus »
Friday
Aug222014

Three South Korea lawmakers arrested minutes before immunity

Three lawmakers wanted on corruption and campaign finance offenses were arrested minutes before the South Korea National Assembly was called into an extra session at midnight Thursday that would have given them immunity from arrest.

Arrested at the legislative chamber in front of TV cameras were Kim Jae-yun from the main opposition New Politics Alliance for Democracy Party, and Cho Hyun-yong and Park Sang-eun from the ruling Saenuri Party, Arirang News said Friday.

A local court had earlier rejected the prosecution's request to arrest two other lawmakers from the main opposition party.

Kim Jae-yun was charged with taking $50,000 from the head of a Seoul vocational school in return for favors in getting legislation passed.

The ruling party's Cho Hyun-yong was charged with taking more than $150,0000 from a railway parts supplier in return for contracts since August 2008.

Park Sang-eun was arrested for taking $600,000 in secret political funding from a company he used to work for, Arirang News said.

The South Korea government has been under pressure to end corruption since April's ferry accident that killed more than 300 people, most of them students.

Investigators found that "corrupt and collusive ties between government officials and businesses played a large role in the sinking," Arirang News said.

________

Richard L. Cassin is the publisher and editor of the FCPA Blog. He can be contacted here.

Reader Comments (1)

Speaks for itself; in two folds:

1. The fact Parliament was called to desperately provide immunity by all and at all means; the herein message is that all will be done for cover-up whilst officials with integrity are striving for what they are paid for,

2. There is an open-break through walls for proper without-fear undertakings
August 25, 2014 | Unregistered CommenterVishwadass Kaniah
Comments for this entry have been disabled. Additional comments may not be added to this entry at this time.