Mogul Says He Bribed Kazakh President
A South Korean tycoon testified that he ordered a subordinate to give $10 million in bribes to Kazakhstan’s president, Nursultan A. Nazarbayev, in 1996 to promote business in the former Soviet republic, court officials said.
Lev Y. Tarakov, chief of Nazarbayev’s press service, said he was unaware of the accusations and refused to comment.
Choi Soon Young, 62, former chairman of the Shindongah group and Korea Life Insurance Co., made the allegation before a Seoul appeals court Oct. 26, his lawyer said.
The court was reviewing Choi’s 1999 conviction for fraud and illegally sending capital out of South Korea.
More to Read
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.