BREAKING NEWS

S.Korea prosecutor indicts NPS chief in political scandal probe

By REUTERS

JANUARY 16, 2017 03:37

South Korea's special prosecutor on Monday indicted National Pension Service (NPS) Chairman Moon Hyung-pyo on charges of abuse of power and giving false testimony.

The special prosecutor's office said in a text message it would provide further details in a regular briefing later on Monday.

Moon was arrested in December after acknowledging ordering the world's third-largest pension fund to support the $8 billion merger last year of two Samsung Group affiliates while he was head of the health ministry, which oversees the NPS.

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