BREAKING NEWS

S.Korea court issues arrest warrant for pension chief in corruption scandal

By REUTERS

DECEMBER 31, 2016 02:14

A South Korean court issued an arrest warrant for the head of the national pension fund, the world's third largest, early on Saturday in a corruption scandal that has led to President Park Geun-hye's impeachment, an official said.

A special prosecutor probing the wide-reaching scandal has sought the arrest of the National Pension Service (NPS) Chairman Moon Hyung-pyo on charges of abuse of power and perjury.

The Seoul Central District Court issued the warrant saying evidence supported the charges against Moon, an official at the court said but did not provide further details.

The special prosecutor's office said on Thursday Moon had acknowledged that he had pressured the fund to approve an $8 billion merger between two Samsung Group units last year while he was Health and Welfare Minister.

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