U.S. seeks $700,000 in illegal proceeds traced to ex-South Korea leader


  • World
  • Friday, 25 Apr 2014

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.

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