Senior S. Korean prosecutor indicted on corruption charges

In this Thursday, July 14, 2016 photo, senior South Korean prosecutor Jin Kyung-joon, center, is surrounded by media upon his arrival for questioning at the Seoul Central District Prosecutors' Office in Seoul, South Korea. South Korean prosecutors on Friday, July 29, indicted Jin for allegedly pocketing millions of dollars from shady stock transaction deals with an online game maker. (Lim Tae-hoon/Newsis via AP) KOREA OUT (The Associated Press)

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A senior South Korean prosecutor has been indicted for allegedly pocketing millions of dollars from shady stock transaction deals with an online game maker.

Prosecutor Lee Keum-ro announced Friday that fellow prosecutor Jin Kyung-joon faces charges including bribery and violating the law on financial transactions. Jin, who holds a rank of vice minister, became the most senior prosecutor to be arrested last week.

He allegedly took money from the founder of Nexon and bought unlisted company shares before selling them back to the company at a much higher price. Prosecutors say he used the profits to purchase shares of Nexon Japan and sold them again for 12.6 billion won ($11 million) last year.

Prosecutors said they also indicted Nexon founder Kim Jun-ju.

https://www.foxnews.com/world/senior-s-korean-prosecutor-indicted-on-corruption-charges