Economic

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

“The U.S. Justice Department said on Thursday it has sued in court to recover $700,000 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.”

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

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