FIRST AIRED: April 17, 2017

Nice work! Enjoy the show!

×

You’re busy. We get it.

Stay on top of the news with our Editor’s Picks newsletter.

US Edition
Intl. Edition
Unsubscribe at any time. One click, it’s gone.

Thanks for signing up!

×

Transcript

00:00:01
>> South Korean prosecutors charge former President Park Geun-hye with bribery. Ms. Park was indicted alongside Shin Dong-bin, the chairman of one of South Korea's biggest companies, Lotte Group, Monday. It is the latest twist in a corruption scandal that has rocked the country for months. Prosecutors accusing Park of colluding with her friend Choi Soon-sil to receive 7 billion Won, or 6.16 million US Dollars, from Lotte in return for favors.
00:00:29
She was also charged with abusive power and coercion for allegedly pressuring big businesses to contribute funds to non-profit foundations, prosecutors said. Lotte is the second conglomerate to become mired in the political scandal after Jay Y Lee, chief of Samsung Group, was arrested on suspicions of bribing Park and Choi.
00:00:50
Park is charged with taking 29.8 billion Yuan, $26.2 million, from Li in exchange for supporting his succession, according to the prosecutor's statement. Lee, Park, and Choi held at detention centers. Lotte denies the allegations and said the situation will be resolved in court. Lee, Park, and Choi all deny any wrongdoing.