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)
South Korea finds wreckage in sea of suspected North drone
Ex-Japan PM to visit South Korea in hope of easing troubled ties
Ahead of trial, U.S. says North Korea using Americans as 'pawns'
Japan PM Abe seeks summit with South Korea's Park amid frosty ties
South Korea fires warning shots at North's patrol boat
New Laos web decree bans criticism of government policy - media
Chinese court jails Uighur scholar for life for separatism
U.N. puts spotlight on climate change
Israel says its troops kill Hamas men accused of slaying teens
Students take pro-democracy protest to Hong Kong leader
Islamic State posts video apparently of UK hostage criticising war buildup
Asian Games jinx continues for Lee Yang in wushu
Microsoft Xbox One set to launch in China on Sept 29
Copyright © 1995-2014 Star Publications (M) Bhd (Co No 10894-D)