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The World | IN BRIEF / SOUTH KOREA

Mogul Says He Bribed Kazakh President

November 06, 2001|From Times Wire Reports

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.

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