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26Th Aug 2016
The Vice Chairman of Lotte Group, South
Korea's fifth-largest business group, was on Friday found dead in an apparent
suicide ahead of prosecutors' summons over allegations of corruption involving
the group.
Police found the body of 69-year-old Lee
In-won on a trail in Yangpyeong, 55 km east of Seoul, after receiving a report
from a local resident about a man hanging from a tree. After finding Lee's
identification in his clothes, the police also found a four-page suicide note
in his car found near the site of the incident, Yonhap News Agency reported. The Total Investment & Insurance Solutions
The note addresses his family, executives and
members of staff, expressing loyalty to chairman Shin Dong-bin and denies the
charges of tax evasion and creation of slush funds. Lee was to appear before
prosecutors on Friday morning, Lotte officials said. The Total Investment & Insurance Solutions
Lee joined the group in 1973 and became the
first to become vice chairman in 2011, outside the family. He was also longtime
CEO of Lotte Shopping, one of the biggest businesses of the group.
Lotte, started as a chewing gum company in
Japan in 1948, now operates businesses in chemicals, food, shopping and hotels,
including South Korea's largest discount and department store chains. Its
brands are well recognised all across Southeast Asia. The Total Investment & Insurance Solutions
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