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Lotte owners go on trial

Reuters

Lotte Group founder Shin Kyuk Ho arrives for trial at a court in Seoul on Monday.

AFP SEOUL (AFP-Jiji) — Four members of the family who control South Korea’s troubled retail giant Lotte, including its 93-year-old founder, went on trial Monday for embezzlement, tax evasion and fraud.

The proceedings against company chairman Shin Dong Bin, 61, his brother, sister and father — plus the patriarch’s mistress nearly 40 years his junior — come as the South’s fifth-biggest conglomerate endures a barrage of condemnation from China.

Lotte chairman Shin is accused of costing the firm 175 billion won ($155 million) through a series of tax evasions, financial scams and irregularities.

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