South Korea: Seoul court denies arrest warrant for Lotte Group chairman; corruption probe continues

Author(s): Joyce Lee | Date: September 29, 2016 | Language: English
Source: http://www.reuters.com/ | URL: https://goo.gl/8OUje6 | Type: Text

A South Korean court rejected a request by prosecutors for a warrant to arrest Lotte Group Chairman Shin Dong-bin in the latest twist in a wide-ranging corruption probe that has convulsed the country’s fifth-largest family-run conglomerate.
But an investigation that has constricted management since flaring into public in June, derailing plans for billion-dollar deals, will continue. Prosecutors may re-submit their request, a prosecution source said, and warrant or not, Shin could yet face trial – a process that with appeals could last many months.
A Seoul Central District Court judge said early on Thursday the arrest warrant request had been turned down after a hearing at which Shin, 61, appeared on Wednesday. The court said it didn’t view Shin’s arrest as necessary.

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