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Brother of SKorean ex-president indicted
AP - Tuesday, December 23
SEOUL, South Korea - The brother of a former South Korean president was indicted for bribery Monday for allegedly accepting millions of dollars to help a securities firm sell assets to a state-supervised bank, prosecutors said.
Roh Gun-pyeong _ the brother of former President Roh Moo-hyun _ was charged with taking about 3 billion won ($2.3 million) in return for helping Sejong Capital sell a subsidiary to the National Agricultural Cooperative Federation in 2006, senior prosecutor Park Yong-seok told reporters.
The president's elder brother has denied the allegations.
Prosecutors have not implicated Roh Moo-hyun in the case. He served as South Korea's president from 2003 to 2008.
If convicted, Roh Gun-pyeong, 66, could face up to five years in prison or a 50 million won ($38,070) fine, according to the Supreme Court.
The National Agricultural Cooperative Federation is independent but the government oversees its operations.
Also indicted were Chung Dae-kun, the federation's former head, and Sejong Capital's chief, Hong Ki-ok, according to the prosecutor.
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