SEOUL, (Pakistan Point News - APP - 29th july,2016) - A top South Korean prosecutor was indicted Friday on charges of receiving millions of Dollars in bribes from a leading online game maker, state prosecutors said. Jin Kyung-Joon, who enjoys the comparable rank of a vice-minister, is the first high-level South Korean prosecutor to be indicted while in office. Jin is charged with receiving over 900 million won (US$800,600) worth of bribes from Nexon founder Kim Jung-Ju from 2005-2014.
Kim allegedly gave 425 million won to Jin in 2005 to buy unlisted Nexon Korea stock, only to sell the shares back to the game maker for double the value. He also stands accused of receiving a luxury car and lump sums of cash from Kim for overseas travel expenses with his family. The inspection department at the Supreme Prosecutors' Office has unanimously decided to dismiss the 49-year-old, the Yonhap news agency reported, adding that the Ministry of Justice will make the final decision.
On Sunday, Justice Minister Kim Hyun-Woong -- who is in charge of prosecutors -- issued a public apology, saying he was "embarrassed and despaired" over Jin's "corruption and crime." South Korea's constitutional court on Thursday gave a final green light to a new anti-graft bill that aims to root out corruption among public officials by setting a tight cap on what they can receive as "gifts". As well as lawmakers and civil servants, the legislation covers journalists and teachers -- a remit that had drawn some protests but was ruled legitimate by the court.