Park Geun-hye's sister fined 3 mil. won in fraud case

Prosecutors said Wednesday they have asked for a summary judgement in the fraud case involving the younger sister of the ruling Saenuri Party's presidential candidate Park Geun-hye, seeking a fine of 3 million won ($2,692).

Park Geun-ryong, along with two others, allegedly pocketed 70 million won in down payment by falsely promising to lease a parking lot to several victims in September last year, prosecutors said. The three are suspected of receiving another 23 million won from the victims one month later.

The younger Park previously headed Yookyoung Foundation, a scholarship foundation launched in 1969 by Park's mother Yook Young-su, the wife of late President Park Chung-hee. The lucrative education foundation has long been a major source of Park family discord. (Yonhap)