State asks for 15 years in jail for former rep in development scandal
이 글자크기로 변경됩니다.
(예시) 가장 빠른 뉴스가 있고 다양한 정보, 쌍방향 소통이 숨쉬는 다음뉴스를 만나보세요. 다음뉴스는 국내외 주요이슈와 실시간 속보, 문화생활 및 다양한 분야의 뉴스를 입체적으로 전달하고 있습니다.
Prosecutors on Wednesday sought a 15-year prison term for a former lawmaker accused of taking a large amount of bribes from a land developer at the center of a big development corruption scandal.
Kwak Sang-do was indicted on charges of taking 5 billion won ($3.8 million) from an asset management firm, Hwacheon Daeyu Asset Management, in the form of severance pay for his son who worked at the firm. The actual amount was 2.5 billion won after deducting tax.
In return, Kwak allegedly helped the company form a consortium with KEB-Hana Bank for the project to develop the Daejang-dong district in Seongnam, just south of Seoul, into an apartment complex and reap astronomical profits.
In the latest hearing held at the Seoul District Court, prosecutors asked the court to also fine the defendant 5 billion won and force him to forfeit 2.5 billion won.
"Kwak is the corruption axis at the center of the Daejang-dong corruption case," a prosecutor said during the hearing, adding the amount of the bribe is unprecedented for a sitting lawmaker to take.
Kwak, who has denied the charges, said the prosecution did not present a single piece of direct evidence.
Prosecutors have expanded their investigation into the land development project, possibly targeting Democratic Party leader Lee Jae-myung.
The scandal centers on allegations that a small number of unheard-of private asset management companies, including Hwacheon Daeyu, were allowed to reap astronomical investment profits from a real estate development project in the Daejang-dong district in 2015, when Lee was the city's mayor.
Yonhap
Copyright © 코리아중앙데일리. 무단전재 및 재배포 금지.
- Strike still threatened for Seoul Metro
- Seoul Metro workers strike from Wednesday morning
- Apple Pay available in Korea in pilot from Wednesday: Reports
- Love them or hate them: Either way, uggs are back
- One part of Seoul will see trams again after 57 years
- [EXCLUSIVE] Samsung's Galaxy S23 to be introduced in U.S. in February
- Stocks close more than 1 percent lower Monday amid wary investor sentiment
- Farewell mild autumn, hello freezing temperatures
- Yunchan Lim has no plans to conform after Van Cliburn International Piano Competition win
- BTS wins Worldwide Icon of the Year at 2022 MAMA