- CNTV English - CCTV News

S. Korean president's son to be summoned over dodgy land deal

10-22-2012 16:45 BJT

SEOUL, Oct. 22 (Xinhua) -- South Korean President Lee Myung-bak' s son will be summoned for questioning over allegations of irregularities in a land deal, prosecutors said Monday.

Last year, Lee's 34-year-old son Si-hyung and the presidential security service jointly bought 462 square meters of land in an affluent neighborhood in southern Seoul to build the president's retirement residence.

The plot was purchased in Si-hyung's name, a violation of South Korea's real estate law that prompted allegations of real estate speculation and tax evasion.

The junior Lee is also suspected of purchasing the land at a below-market price by letting the security service pay more.

The retirement home scandal drew public criticism, prodding Lee to scrap his plan, though prosecutors who initially probed the case acquitted everyone involved in the deal, including Si-hyung.

The case is being re-investigated by an independent counsel recommended by the opposition Democratic United Party. He can conduct a probe for up to 50 days.


Editor:James |Source: Xinhua

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program