Prosecution mulls forfeiture of gains from embezzlement
Social affairsMay 2, 2018
Prosecutors are looking at ways to forfeit criminal proceeds from embezzlement, in addition to bribes, drawing attention to whether more of former President Lee Myung-bak’s assets will be put on hold.The Seoul Central District Court last month approved the prosecution’s request to freeze 11.1 billion won ($10.3 million) worth of Lee’s assets, matching the amount of kickbacks he is accused of having received.The court said the decision forbids Lee from making any transactions on those assets, inc