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Arrest warrant sought for former finance minister over NIS fund scandal

By Yonhap

Published : Dec. 11, 2017 - 10:55

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Prosecutors sought an arrest warrant for former Finance Minister Choi Kyung-hwan on Monday over the allegations that he took bribes from the spy agency during the preceding Park Geun-hye administration.

Choi, currently a lawmaker of the main opposition Liberty Korea Party, is suspected of having pocketed 100 million won ($92,000) from the National Intelligence Service in 2014.

This photo, taken Dec. 7, 2017, shows former Finance Minister Choi Kyung-hwan leaving the prosecution`s office in Seoul after an interrogation over bribery allegations. (Yonhap) This photo, taken Dec. 7, 2017, shows former Finance Minister Choi Kyung-hwan leaving the prosecution`s office in Seoul after an interrogation over bribery allegations. (Yonhap)

Investigators believe the money was paid to lobby him for retaining the spy agency's off-book funds when then-opposition parties pushed to scale them down on the basis of their untraceable nature.

Choi was questioned last week for the allegations. He has dismissed them as "false accusations." (Yonhap)