Home > News > World
Friday April 25, 2014 MYT 4:05:20 AM
Friday April 25, 2014 MYT 4:06:40 AM
WASHINGTON (Reuters) - The U.S. Justice Department said on Thursday it has sued in court to recover $700,000 (416,567 pounds) in alleged corruption proceeds traced to former South Korean President Chun Doo-Hwan.
The money, seized from a California bank account, comes from the sale of a home in Newport Beach, California, that Chun's son bought in 2005 using funds allegedly traced to his father's corruption, the department said.
Chun, a general who seized power in a 1979 coup, was convicted in South Korea in 1997 of receiving more than $200 million in bribes.
He and his relatives laundered some of the money through shell companies in South Korea and the United States, the Justice Department said.
"The U.S. will not be a safe repository for assets misappropriated by corrupt foreign leaders," Bill Lewis, who runs the FBI's Los Angeles office, said in announcing the action.
(Reporting by Aruna Viswanatha; Editing by Mohammad Zargham)
Obama, Vietnam leader discuss South China Sea in landmark meeting
Ex-dictator found mentally unfit for new Guatemala genocide trial
Two Myanmar men go on trial for murder of British tourists
Ghana's ruling party reclaims parliamentary seat in by-election
Iran nuclear talks extended, source says 48 hours left for deal
The 3 unexpected life events that leave us in debt
Price putting heart and soul into Presidents tilt - co-captain
Drone postal deliveries begin in Switzerland
Loose-cut apparel from the Middle East suitable for all body shapes
Copyright © 1995-2015 Star Media Group Berhad (ROC 10894D)(Formerly known as Star Publications (Malaysia) Berhad)