Lee Hoi Sung Arrested For Illegal Fund Raising

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Lee Hoi Sung Arrested For Illegal Fund Raising

The prosecutors office arrested Lee Hoi Sung, younger brother of opposition Grand National Party(GNP) president Lee Hoi Chang, in front of his Banpo-dong apartment on December 10.
He was charged with procuring illegal political funds from chaebol groups. The prosecutors contend that he pressured Tax Administration Agency(TAA) members during last year's presidential election to collect the money from the conglomerates.
A source from the prosecutors office commented, 'We felt that he would attempt to remove all the evidence related with the case and not appear in court so we decided to seize him now.'
According to the source, last November 1997 Lee telephoned his high school junior Lee Seok Hee, who at the time was the deputy president of the TAA, and strongly urged him to use the agency to collect money for his brother.
He received $800,000 in the Lotte Hotel parking lot on one particular occasion and collected more than $10 million from 20 different companies in total.
The prosecutors investigated Lee last September but soon released him. President Kim Dae Jung, personally ordered another investigation into the matter.
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