Billions Found in Accounts of Ex-President's Driver

      June 11, 2013 11:39

      Prosecutors are investigating disgraced former president Roh Tae-woo after millions of dollars were found in bank accounts ostensibly belonging to his chauffeur.

      Roh has failed to obey a court order to pay around W23.1 billion (US$1=W1,128) in restitution for a corruption conviction.

      The Seoul Central District Prosecutors' Office on Monday said some W3 billion were found in nine separate bank accounts in the name of the driver. Prosecutors are investigating whether the money is in fact part of Roh's slush fund, since the driver earns only W39 million a year.

      Last year, the National Tax Service audited a company owned by Roh's younger brother and found that around 78 percent of the bank accounts suspected to contain the ex-president's loot were in the driver's name. The driver was on the company's payroll from 1998 to July 2011 but actually worked for the former president.

      The NTS found that a huge amount of cash was deposited into the driver's bank accounts starting in January of 2005 and then withdrawn in increments until October 2009.

      Roh's aides claim the ex-president has no idea where the money may have come from.

      • Copyright © Chosunilbo &
      Previous Next
      All Headlines Back to Top