Prosecutors raid home of late President Roh's wife over alleged slush fund
Prosecutors on Friday raided the home of late former President Roh Tae-woo's wife over allegations her family stashed a secret fund, legal sources said. The search and seizure took place at Kim Ok-suk's residence in western Seoul on suspicions of tax evasion and violating the law on concealment of criminal proceeds, according to the sources. Civic groups earlier filed a complaint against the late…
Prosecutors conducted a raid on the home of former President Roh Tae-woo's wife, Kim Ok-suk, on Friday, according to legal sources. The search and seizure were carried out in western Seoul, prompted by suspicions of tax evasion and concealing criminal proceeds, the sources revealed. Earlier, civic groups had filed a complaint against the late president's wife, her daughter Soh-yeong, and her son Jae-heon, who currently serves as South Korea's ambassador to China, in connection with the alleged slush fund.
Roh, who held the presidency from 1988 to 1993, passed away in 2021. The existence of the fund became apparent during the divorce proceedings of Roh Soh-yeong and SK Group Chairman Chey Tae-won, as they struggled to agree on the division of their assets. During her argument, Roh claimed that her late husband had transferred 30 billion won ($21.7 million) to Chey's father, which she contended facilitated the growth of SK Group.
The Supreme Court officially granted Roh Soh-yeong and Chey Tae-won a divorce in October, but did not issue a ruling on the matter.
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