Tuesday 16 October 2012

'Yusin' Dictatorial Forces′ Illegal Fund Management Exposed

Pyongyang, October 16 (KCNA) -- It was exposed that the Park Chung-Hee dictatorial regime of south Korea illegally held a huge amount of funds.
This fact was disclosed as a Korean mediaman in the U.S. on Oct. 7 opened to the press a report on a hearing at U.S. Congress in 1978.
According to it, when the U.S. company intended to take over 25 percent of the stocks of the Hungguk Company of south Korea in 1969, Lee Hoo Rak asked for 200 000 U.S. dollars under the pretext of guarding Park Chung-Hee during his tour of the U.S. before signing a contract. After receiving the funds, Lee Hoo Rak deposited them in a foreign bank in the name of So Jong Gwi, and Park Chung--Hee got them back later which he kept in Chongwadae. The Park regime also held a fabulous amount of secret funds in at least three secret accounts in foreign banks.
After the "yusin" dictator was shot to death, his daughter Park Geun Hye went to a foreign country abroad together with five persons including banking experts and changed the name of the holder of the accounts to be hers. The funds amounted to 6 billion U.S. dollars. This was disclosed by a permanent co-representative of the People's Solidarity against the "Park Chung-Hee Museum".
Opening to public the report, Korean pressman in the U.S. said that the secret funds case is a product of the dirty illegal dealing by which the Park regime gave great interests to the U.S. company, calling for bringing to light the amount of money deposited in foreign banks. -0-

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