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wylies99
Joined: 13 May 2006
Location: I'm one cool cat!
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 Posted: Tue Apr 07, 2009 1:47 am Post subject: Roh Borrowed Money From Taekwang CEO |
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Roh Borrowed Money From Taekwang CEO
http://www.koreatimes.co.kr/www/news/nation/2009/04/117_42747.html
By Kim Rahn
Staff Reporter
Former President Roh Moo-hyun admitted Tuesday that he received money from Taekwang CEO Park Yeon-cha in order to ``repay a debt.''
On his Web site, the former President said that he was ready to face questioning from prosecutors and if necessary, to accept legal responsibility.
``I'm sorry for raising public concern regarding the money issue involving my aides and me. My former secretary Chung Sang-moon was arrested for accepting a bribe, but he failed to say he borrowed the money on behalf of my wife Kwon Yang-sook. The charge should not be laid against him, but against my family,'' Roh said.
``My wife asked Chung to borrow money from Park as we had a debt to pay. I'll talk about it in detail when the prosecution summons me, and I am ready face legal punishment,'' he added.
The former President also apologized for the money transaction between Park and the husband of his niece. ``I learned about the deal after I left the presidency, but did not take any action because it was a legal investment as far as I knew,'' he said.
The statement came after investigators detained Chung at his home in southern Seoul after raiding there and his office in the morning. He was just one of Roh's former aides and supporters, who are being apprehended or summoned in droves for questioning over the bribery scandal surrounding Park.
Chung, 63, is suspected of having received hundreds of millions of won from Park between 2005 and 2006 when he was working at Cheong Wa Dae. He was questioned over why he took the money and whether Park sought his influence.
It has been alleged that Chung introduced Park to Yeon Cheol-ho, the husband of Roh's niece, whom the tycoon later offered money to. Park wired $5 million to Yeon through a foreign bank account in February last year, just weeks before Roh's five-year presidency ended. The money was from the account of APC, a paper company Park set up in Hong Kong.
Yeon is likely to be questioned soon but claims Park invested in his business, denying he accepted a bribe.
Prosecutors also sought an arrest warrant for Changshin Textile Chairman Kang Keum-won, one of Roh's strongest supporter, for diverting 10 billion won from his company to invest in a project in the former President's hometown.
Chung allegedly met Park and Kang in August 2007 to discuss the establishment of a foundation for Roh.
Park said that in the meeting, he told them that they could use $5 million from the slush fund he kept in Hong Kong to establish the foundation. About a month after the meeting, Kang set up a company with seven billion won for the development of Bongha Village in South Gyeongsang Province, where Roh lives in retirement.
The prosecution also summoned former National Assembly Speaker Park Kwan-yong for the second consecutive day for his alleged taking of 100 million won from the Taekwang CEO in April 2006. Prosecutors jointly questioned the two Parks.
The former speaker claimed he legally received a donation from Park Yeon-cha for his institute, but the prosecution suspects he used most of the money privately. At the time, he was supporting an aide's campaign to head a ward office in Busan.
Prosecutors also summoned another former speaker, Kim Won-ki. Kim's former secretary received tens of millions of won from the Taekwang head, and the prosecution is looking into a link between him and the money.
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wylies99
Joined: 13 May 2006
Location: I'm one cool cat!
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| Posted: Tue Apr 07, 2009 1:49 am Post subject: |
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They FINALLY traced bribe money directly to Roh.  |
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jotgarden
Joined: 12 Nov 2008
Location: Suwon, South Korea.
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| Posted: Tue Apr 07, 2009 2:12 am Post subject: |
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| That just shows you can't trust a politician. Hopefully the current president will crack down on this kind of corruption. |
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tzechuk
Joined: 20 Dec 2004
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| Posted: Tue Apr 07, 2009 2:17 am Post subject: |
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| jotgarden wrote: |
| That just shows you can't trust a politician. Hopefully the current president will crack down on this kind of corruption. |
Excuse me while I laugh.
Hahahahahahahahaha. |
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Xuanzang
Joined: 10 Apr 2007
Location: Sadang
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| Posted: Tue Apr 07, 2009 3:34 am Post subject: |
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| jotgarden wrote: |
| That just shows you can't trust a politician. Hopefully the current president will crack down on this kind of corruption. |
Surrrrrrrre. Mr. former Hyundai CEO  |
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Horangi Munshin
Joined: 06 Apr 2003
Location: Busan
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| Posted: Tue Apr 07, 2009 3:57 am Post subject: |
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| tzechuk wrote: |
| jotgarden wrote: |
| That just shows you can't trust a politician. Hopefully the current president will crack down on this kind of corruption. |
Excuse me while I laugh.
Hahahahahahahahaha. |
Bwwwwaaaahhahahahahahahahaha
Me too! |
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3MB
Joined: 26 Mar 2009
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| Posted: Tue Apr 07, 2009 5:34 am Post subject: |
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| Put him in prison, confiscate his property. Roh deserves to be destroyed. |
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Captain Corea
Joined: 28 Feb 2005
Location: Seoul
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| Posted: Tue Apr 07, 2009 5:44 am Post subject: |
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| wylies99 wrote: |
| They FINALLY traced bribe money directly to Roh. |
Knew it would happen.
Anyone else remember how the National Assembly came to be dominated by the Left for so long?
Noh came to office and it turned out his brother had taken cash from some coporate big-wig. Noh went on national tv to say how his brother was simple farmer and 'confused' when a big city guy came to him and offered him a briefcase. He all but named that big city guy and within 24 hours (after being denounced by the president in front of the whole nation), the guy took a leap out of a window (or off a bridge - can't remember). The Conservatives rallied people against Noh and tried to impeach him, but it turned on them and they lost heavily.
So now it turns out that both Noh and his Bro are both dirty.
Surprise, surprise |
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justaguy
Joined: 01 Jan 2008
Location: seoul
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| Posted: Tue Apr 07, 2009 7:02 am Post subject: |
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| The whole investigation is pointless. All the previous presidents have been pardoned for whatever they did in the past. I bet Noh gets a pardon too. |
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3MB
Joined: 26 Mar 2009
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| Posted: Tue Apr 07, 2009 2:22 pm Post subject: |
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| justaguy wrote: |
| The whole investigation is pointless. All the previous presidents have been pardoned for whatever they did in the past. I bet Noh gets a pardon too. |
Even if thathappens it isnt pointless. At the very least, he is humiliated and his image is tarnished. Thats a very significant victory against the evil he stands for and represents. |
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Captain Corea
Joined: 28 Feb 2005
Location: Seoul
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| Posted: Tue Apr 07, 2009 4:57 pm Post subject: |
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| 3MB wrote: |
| justaguy wrote: |
| The whole investigation is pointless. All the previous presidents have been pardoned for whatever they did in the past. I bet Noh gets a pardon too. |
Even if thathappens it isnt pointless. At the very least, he is humiliated and his image is tarnished. Thats a very significant victory against the evil he stands for and represents. |
While I wouldn't say 'evil', I would very much like to see him shown in a more accurate light. Far too many people thought he was a saint - and that's proving to be far from true. |
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jotgarden
Joined: 12 Nov 2008
Location: Suwon, South Korea.
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| Posted: Tue Apr 07, 2009 6:25 pm Post subject: |
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I don't get what all the laughter is about. I thought the new president was supposed to be a breath of fresh air?
| justaguy wrote: |
| The whole investigation is pointless. All the previous presidents have been pardoned for whatever they did in the past. I bet Noh gets a pardon too. |
None of the previous presidents probably did anything this blatant though. |
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ImmatureDouche
Joined: 03 Nov 2008
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| Posted: Tue Apr 07, 2009 7:26 pm Post subject: |
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| jotgarden wrote: |
I don't get what all the laughter is about. I thought the new president was supposed to be a breath of fresh air?
| justaguy wrote: |
| The whole investigation is pointless. All the previous presidents have been pardoned for whatever they did in the past. I bet Noh gets a pardon too. |
None of the previous presidents probably did anything this blatant though. |
Excuse me while I laugh.
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA + laughingelfman.jpg
You obviously have little to no knowledge of Korea's history. Noh is probably the least corrupt president compared to the ones that came before him. |
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b-class rambler
Joined: 25 Mar 2009
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| Posted: Tue Apr 07, 2009 7:34 pm Post subject: |
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| ImmatureDouche wrote: |
| jotgarden wrote: |
I don't get what all the laughter is about. I thought the new president was supposed to be a breath of fresh air?
| justaguy wrote: |
| The whole investigation is pointless. All the previous presidents have been pardoned for whatever they did in the past. I bet Noh gets a pardon too. |
None of the previous presidents probably did anything this blatant though. |
Excuse me while I laugh.
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA + laughingelfman.jpg
You obviously have little to no knowledge of Korea's history. Noh is probably the least corrupt president compared to the ones that came before him. |
Indeed, and perhaps not only the ones that came before him. |
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tzechuk
Joined: 20 Dec 2004
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| Posted: Tue Apr 07, 2009 7:44 pm Post subject: |
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| Sigh... hahahaha.. some people are just so cute! |
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