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Lotte vice chairman found dead amid probe

Friday, August 26, 2016 - 01:03

A top executive at South Korea's Lotte Group is found dead hours before he was due to be questioned by prosecutors conducting a criminal probe into the conglomerate. Ryan Brooks reports

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A suspected suicide rocks South Korea's corporate world A senior executive for Lotte Group found dead Friday Hours before he was to be questioned in court Lotte confirming Vice Chairman Lee In-won's death... He was the highest-ranking executive outside the Shin family, which controls the group. Police say the body of a man was found under a tree along a hiking trail He appeared to have hung himself by his necktie They're still trying to confirm if the body was Lee's a suicide note was found nearby in the executive's car. Prosecutors raided the Lotte offices in June... sources say they were looking for a possible slush fund... and suspected embezzlement among the conglomerate's companies. Officials sources telling Reuters Lee's death's likely to hinder the investigation.... which has already taken a huge bite out of Lotte's wide range of businesses... In June Hotel Lotte was forced to cancel its an IPO to raise over 5 billion dollars, which would have made it the world's largest this year.

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Lotte vice chairman found dead amid probe

Friday, August 26, 2016 - 01:03