ID :
32427
Wed, 11/26/2008 - 09:54
Auther :
Shortlink :
https://www.oananews.org//node/32427
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EDITORIAL from the JoongAng Daily on Nov. 26)
Unbefitting our country
The prosecutors??? office is investigating a whole lot of people who were close
to former President Roh Moo-hyun.
The vicious cycle of probing the wrongdoings of
those who gathered like parasites around a politician in power is repeating
itself. On the dock stand Roh???s close friends including his elder brother, Roh
Geon-pyeong. Some big-name politicians appear as well. A typical pattern of
political corruption floats above the surface. The Roh administration that had
boasted of moral purity and reform is being tainted by allegations of
conventional shady dealings.
The prosecutor???s office looks at this case as an affair in which Roh???s close
friends intervened in the sale of Sejong Securities to Nong-hyup. They allegedly
collected huge kickbacks and illegally profited from stock investments using
insider information. The investigation is focused on the nature and whereabouts
of 8 billion won ($5.5 million) that was handed over to Jeong Hwa-sam, former CEO
of Zephyrus Golf Club, and his brother Jeong Gwang-yong.
How Park Yeon-cha, the chairman of Taekwang Industrial and a Roh supporter, could
invest tens of billion of won in Sejong Securities shares and make 10 billion won
in profits should also be explained. What influence did Roh Geon-pyeong exercise
in Sejong transactions? This should be cleared up as well.
It is regretful to see those who were in power during the Roh administration try
to distance themselves from the indicted men saying, ???This case has nothing to
do with the Roh administration,??? or ???Don???t call Jeong Hwa-sam and Park
Yeon-cha Roh???s friends.???
It seems impossible to explain Roh Geon-pyong???s role if they evade their
responsibility in this way. It will also be hard to describe the present
investigations as politically motivated or being meant to damage the moral
integrity of the Roh administration.
Rather than try to influence the case with ridiculous logic, they should prepare
an apology to the public and show deep repentance.
The vicious cycle of investigations into political corruption with every change
in administration should be stopped by responding sternly to this matter and
handing down heavy punishment.
An institutional scheme to effectively supervise the president???s relatives and
block political brokers from entering the core of political power must be
established without delay.
With a financial storm crashing around our heads, we have no time to wallow in
political scandals, like an underdeveloped country.
(END)
The prosecutors??? office is investigating a whole lot of people who were close
to former President Roh Moo-hyun.
The vicious cycle of probing the wrongdoings of
those who gathered like parasites around a politician in power is repeating
itself. On the dock stand Roh???s close friends including his elder brother, Roh
Geon-pyeong. Some big-name politicians appear as well. A typical pattern of
political corruption floats above the surface. The Roh administration that had
boasted of moral purity and reform is being tainted by allegations of
conventional shady dealings.
The prosecutor???s office looks at this case as an affair in which Roh???s close
friends intervened in the sale of Sejong Securities to Nong-hyup. They allegedly
collected huge kickbacks and illegally profited from stock investments using
insider information. The investigation is focused on the nature and whereabouts
of 8 billion won ($5.5 million) that was handed over to Jeong Hwa-sam, former CEO
of Zephyrus Golf Club, and his brother Jeong Gwang-yong.
How Park Yeon-cha, the chairman of Taekwang Industrial and a Roh supporter, could
invest tens of billion of won in Sejong Securities shares and make 10 billion won
in profits should also be explained. What influence did Roh Geon-pyeong exercise
in Sejong transactions? This should be cleared up as well.
It is regretful to see those who were in power during the Roh administration try
to distance themselves from the indicted men saying, ???This case has nothing to
do with the Roh administration,??? or ???Don???t call Jeong Hwa-sam and Park
Yeon-cha Roh???s friends.???
It seems impossible to explain Roh Geon-pyong???s role if they evade their
responsibility in this way. It will also be hard to describe the present
investigations as politically motivated or being meant to damage the moral
integrity of the Roh administration.
Rather than try to influence the case with ridiculous logic, they should prepare
an apology to the public and show deep repentance.
The vicious cycle of investigations into political corruption with every change
in administration should be stopped by responding sternly to this matter and
handing down heavy punishment.
An institutional scheme to effectively supervise the president???s relatives and
block political brokers from entering the core of political power must be
established without delay.
With a financial storm crashing around our heads, we have no time to wallow in
political scandals, like an underdeveloped country.
(END)
