U.S. says it helps recover $28.7 million tied to former South Korean president

Reuters News
Posted: Mar 04, 2015 2:46 PM

WASHINGTON (Reuters) - The U.S. Justice Department said on Wednesday it had worked with South Korean authorities to recover more than $28.7 million in corruption proceeds linked to former South Korean President Chun Doo Hwan.

More than $1.2 million will be forfeited to the United States. Chun was convicted in a South Korean court in 1997 for accepting more than $200 million in bribes. He laundered some of those funds through trusts and shell companies in the United States, the Justice Department said.

The Center Does Not Hold
Jonah Goldberg

(Reporting by Emily Stephenson; Editing by Eric Beech)