Shin Dong-bin, the head of South Korea’s retail powerhouse Lotte, was charged with bribery on Monday after he allegedly offered 7 billion won (5.79 million euros, $6.15 million) to a sports foundation linked to a close aide of former President Park Geun-hye.
Sixty-two-year-old Shin was indicted in Seoul without being detained by prosecutors.
The retail giant denied allegations that it made improper deals with Park, or those linked to her, for favors.
Lotte, which owns hotels, stores and food products, becomes the second conglomerate mired in the political scandal after the chief of Samsung Group was arrested in February.
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