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Lotte vice chairman Lee In-won found dead Lotte vice chairman Lee In-won found dead
(about 3 hours later)
The vice chairman of South Korea's Lotte Group has been found dead hours before he was to be questioned in a corruption probe.The vice chairman of South Korea's Lotte Group has been found dead hours before he was to be questioned in a corruption probe.
The firm confirmed the death of Lee In-won but did not give a cause of death.The firm confirmed the death of Lee In-won but did not give a cause of death.
The 69-year-old was to be questioned on Friday in an investigation into a possible slush fund and financial irregularities in the company.The 69-year-old was to be questioned on Friday in an investigation into a possible slush fund and financial irregularities in the company.
According to local media, investigators found a suicide note in his car.According to local media, investigators found a suicide note in his car.
Mr Lee was one of the most senior executives in the Lotte Group, holding the highest position outside the founding family that still runs the firm.Mr Lee was one of the most senior executives in the Lotte Group, holding the highest position outside the founding family that still runs the firm.
He was also the closest aide to chairman Shin Dong-bin who is embroiled in a family feud with his older brother over control of the company founded by their father.He was also the closest aide to chairman Shin Dong-bin who is embroiled in a family feud with his older brother over control of the company founded by their father.
In June, prosecutors reportedly raided Lotte offices to investigate the suspected slush fund and allegations of breaches of trust regarding transactions between the conglomerate's companies.In June, prosecutors reportedly raided Lotte offices to investigate the suspected slush fund and allegations of breaches of trust regarding transactions between the conglomerate's companies.
About 200 officials searched Lotte's headquarters in Seoul, several subdivisions of the firm and the homes of key executives, local media said at the time.About 200 officials searched Lotte's headquarters in Seoul, several subdivisions of the firm and the homes of key executives, local media said at the time.
Lotte Group is involved a variety of sectors including hotels, chemicals, food and retail.Lotte Group is involved a variety of sectors including hotels, chemicals, food and retail.
It is Korea's fifth-largest conglomerate and is considered one of Korea's family-run "chaebols" which are known to have complex ownership structures.It is Korea's fifth-largest conglomerate and is considered one of Korea's family-run "chaebols" which are known to have complex ownership structures.
Analysis: Stephen Evans, BBC Korea correspondent
Lotte, like other big South Korean companies, is owned and controlled primarily by one family.
But the vice-chairman, Lee In-won, - now deceased - was a trusted outsider who had worked for the company for four decades.
Before Mr Lee's death, South Korean prosecutors were investigating the source of hundreds of millions of dollars in family accounts.
Lotte, like other giant South Korean conglomerates is a maze of companies, with exact ownership unclear. The allegation was that money moved invisibly - and illegally - between the 60 subsidiaries, and from company accounts to personal accounts of family members.
The dead man was a loyal servant of the family and the company, privy to its secrets. South Korean media said he left a suicide note saying the chairman for whom he worked was innocent of wrong-doing.
It is not clear where this leaves the investigation.