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Prosecutors to question Lotte founder again

All News 14:46 September 09, 2016

SEOUL, Sept. 9 (Yonhap) -- Prosecutors said Friday they will question Lotte Group founder Shin Kyuk-ho at his office for the second time later in the day over a string of corruption allegations, as they could not complete the interrogation on the previous day due to his poor health.

The Seoul Central District Prosecutors' Office said it is planning to carry out the questioning of the 93-year-old business tycoon at his office in Hotel Lotte in Seoul.

Prosecutors carried out the first round of interrogations on Thursday, but they are known to have not been able to go through all the questions because of Shin's health.

"The questioning was suspended as Shin's blood pressure increased and his body showed other abnormalities," said a company official, who asked not to be named.

Shin is suspected of dodging some 600 billion won (US$550 million) in taxes in the process of donating a combined 6.2-percent stake in Lotte Holdings, held in borrowed names, to his third wife, her daughter and his eldest daughter Shin Young-ja in 2006. Lotte Holdings is Lotte's de facto holding firm based in Tokyo.

He is known to be denying the allegations raised against him and the country's fifth-largest conglomerate.

Prosecution investigators arrive at Hotel Lotte in downtown Seoul on Sept. 8, 2016, to question Lotte Group founder Shin Kyuk-ho over alleged tax evasion and other irregularities. The prosecution decided to probe the 93-year-old tycoon at his office in the hotel instead of summoning him because of his ill health. (Yonhap)


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