Former ROK Navy Chief of Staff Indicted for Accepting $700,000 In Bribes
This is not good for the ROK Navy:
Prosecutors on Tuesday indicted former Navy Chief of Staff Jung Ok-keun over accusations that he took 770 million won ($700,000) in bribes from a local shipbuilding conglomerate when he held the position in 2008.
The 63-year-old was arrested late last month on suspicions that he received kickbacks from two subsidiaries under the now financially crippled STX Corporation through a yachting company, whose majority stakeholder was his 38-year-old son.
Jung’s son was detained a day earlier on charges that he allegedly pocketed money from STX Offshore and Shipbuilding and STX Engine by recording them as sponsors for his yachting event, which was organized in Busan to commemorate the 60th anniversary of the Navy’s establishment.
The Seoul Central District Prosecutors’ Office has since been narrowing its investigation into whether Jung could have benefited from his eldest son’s business dealings.
Jung’s son and his business partner at the time, a former Navy colonel surnamed Yoo, were also indicted on Tuesday for contributing to the bribery, as was a former Navy operations commander surnamed Yoon, who is the non-executive director of STX. [Joong Ang Ilbo]
You can read the rest at the link, but it makes you wonder how many other people have been getting these huge bribes?
