ROK Drop

Avatar of GI KoreaBy on December 27th, 2012 at 5:17 am

Former Korean President’s Daughter, Roh Jeong-yeon Looking At Jail Time for Fraud

Via a reader tip comes news that former President Roh Moo-hyun’s daughter is being recommended to go to jail for 6 months for fraud:

The prosecution is seeking a six-month prison term for Roh Jeong-yeon, the daughter of the late President Roh Moo-hyun, on charges of converting a huge sum of money into U.S. dollars and illegally sending it overseas buy an apartment in New Jersey in 2009.

In a hearing at the Seoul Central District Court in southern Seoul on Wednesday, prosecutors claimed that the defendant, 37, also violated the Foreign Exchange Law by converting the money through underground brokers.

She was indicted in August for changing 1.3 billion won ($1 million at that time) into dollars through a middleman and transferring it to a Korean-American lawyer who was selling a New Jersey apartment in a building called the Hudson Club.

Investigators concluded the money was the last installment for the purchase of the luxury apartment.

The lawyer, Gyeong Yeon-hee, 43, was subject to a summary indictment by prosecutors on the same charge, because both parties of the deal are subject to punishment in illegal foreign transfer cases.  [Korea Times]

You can read the rest at the link, but Roh’s wife claims that the money was raised by friends during Roh’s presidency.  However, it is likely from a slush fund that Roh was accused of having to pay for his expensive apartment in New York which ultimately led to his suicide.  Roh had claimed to be the cleanest President ever and campaigned against corruption, but after he left office it was revealed he was corrupt as everyone else.  It was theorized he committed suicide to protect his kids, but it appears that at least his daughter may go to jail anyway.

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  • Teadrinker
    4:49 pm on December 27th, 2012 1

    “…but after he left office it was revealed he was corrupt as everyone else.”

    Just imagine the dirty secrets containt by harddrives which disappeared during the time his staff was leaving Chongwadae at the end of his presidency.

  • Teadrinker
    4:49 pm on December 27th, 2012 2

    Contained, not cointaint.

  • tbonetylr
    2:04 am on December 28th, 2012 3

    “The prosecution is seeking a six-month prison term for Roh Jeong-yeon, the daughter of the late President Roh Moo-hyun, on charges of converting a huge sum of money into U.S. dollars and…”

    So those old Korean women sitting on the sidewalks at Namdaemun Market are openly converting money illegally and the police let them but when a customer uses their service(or one like it) then…..Oh oh oh, no you don’t?

  • Kingkitty
    11:45 am on December 28th, 2012 4

    See the retribution has begun against the enemy’s and family members of President Park Sr. The new President Park is starting the clean up.

  • tom langley
    12:42 pm on December 28th, 2012 5

    If I was the president of the Republic of Korea I’d make a little trade with her for a presidential pardon.

 

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