Prison term confirmed for ex-President Lee’s confidant
By Korea HeraldPublished : April 11, 2013 - 20:22
The Supreme Court on Thursday confirmed a three-year-and-six-month prison term for Shin Jae-min, who was a vice culture minister under the Lee Myung-bak administration, for bribery.
Shin was convicted of receiving kickbacks worth about 117 million won ($103,700) from Lee Kuk-chul, the chairman of SLS Group, in exchange for peddling his influence so that the mid-sized group could avoid undergoing a debt workout program, between 2008 and 2009.
The top court also upheld the lower court’s order that Shin pay a fine of 54 million won and forfeit about 110 million won.
In June 2012, a district court delivered the guilty verdict for the 54-year-old who was one of former President Lee’s most trusted aides. The court decision was another blow to Lee whose image was tarnished by a series of corruption scandals involving his high-level aides at the end of his single five-year term. The appeals court handed down the same jail term last December.
Shin, a former newspaper journalist who worked for Lee during his presidential election campaign in 2007, was considered one of the influential figures under the Lee administration. (Yonhap News)
Shin was convicted of receiving kickbacks worth about 117 million won ($103,700) from Lee Kuk-chul, the chairman of SLS Group, in exchange for peddling his influence so that the mid-sized group could avoid undergoing a debt workout program, between 2008 and 2009.
The top court also upheld the lower court’s order that Shin pay a fine of 54 million won and forfeit about 110 million won.
In June 2012, a district court delivered the guilty verdict for the 54-year-old who was one of former President Lee’s most trusted aides. The court decision was another blow to Lee whose image was tarnished by a series of corruption scandals involving his high-level aides at the end of his single five-year term. The appeals court handed down the same jail term last December.
Shin, a former newspaper journalist who worked for Lee during his presidential election campaign in 2007, was considered one of the influential figures under the Lee administration. (Yonhap News)
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Articles by Korea Herald