April 26, 2024

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[THE INVESTOR] Lotte Group’s founder Shin Kyuk-ho’s third wife, who failed to comply to prosecutors’ summons, has been indicted on charges of tax evasion, authorities said on Sept. 27.

Seo Mi-kyung, 57, is suspected of evading some hundreds of billions of won in gift taxes, according to the Seoul Central District Prosecutors’ Office.

Shin’s common-law wife became the second member of the owner family to stand trial after his daughter Young-ja. The 74-year-old daughter was indicted in July on charges of embezzlement, bribery and breach of trust.

Prosecutors here have been looking into Lotte’s alleged wrongdoings since they launched full-fledged raids into the group’s headquarters in June.

(theinvestor@heraldcorp.com)