Ban Ki-moon’s brother, nephew charged with bribery

Ban Ki-moon’s brother, nephew charged with bribery

By Staff Writer

Jan 11, 2017 | 10:39 am

The brother and nephew of former United Nations Secretary General Ban Ki-moon have been charged with conspiracy to bribe a government official.

New York officials accuse Mr Ban’s younger brother, Ban Ki-sang, and his nephew, Joo Hyun Bahn, of offering money to a Middle Eastern official.

Ban Ki Sang, the 69-year-old brother of the former UN chief, and his son, Joo Hyun Bahn, 38, arranged to pay a $500,000 bribe upfront to the head of a Middle Eastern sovereign fund to buy the complex for $800 million, and another $2 million payment when the deal was closed, according to the indictment unsealed in Manhattan federal court.

Prosecutor say that in early 2013 the South Korean construction firm Keangnam, of which Mr Ban’s brother Ban Ki-sang was an executive, was faced with growing debt and sought to sell a building complex in Vietnam known as Landmark 72.

According to US officials the two men had paid millions of dollars in bribes and tried to trade on the prominence of their South Korean family in order to persuade a Middle Eastern official from an unnamed country to arrange a purchase of the complex by that country’s sovereign wealth fund.

Ban Ki-moon served as UN Secretary General from 2007 until 2016 and was succeeded by former Portuguese Prime Minister Antonio Guterres on 1 January 2017.

Ban Ki-moon   Ban Ki-sang   bribe   family   Joo Hyun Bahn   Manhattan federal court   Middle Eastern official   nephew   New York officials   United Nations Secretary General