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In 1999, Lee would meet Kim, with whom he established BBK and the LKE Bank. Their business enterprise went bankrupt less than a year later. Kim was investigated for alleged involvement in the massive embezzlement and for alleged stock price-manipulation.
On 30 May 2006, Kim was sentenced to 10 years in prison after being convicted of fraud and embezzlement. [5] On the last day of the trial, Kim tearfully addressed the court, "I cannot dodge my responsibility of wrongly buttoning up the final button of fate." [6] On 30 December 2007, Kim was granted amnesty by President Roh Moo-hyun. [7]
Park Geun-hye (pictured in 2013) was accused of being improperly influenced by Choi Soon-sil. The 2016 South Korean political scandal, often called Park Geun-hye–Choi Soon-sil Gate in South Korea (Korean: 박근혜·최순실 게이트), was a scandal that emerged around October 2016 in relation to the unusual access that Choi Soon-sil, the daughter of shaman-esque cult leader Choi Tae-min ...
World Bank Group President Jim Yong Kim will resign effective Feb. 1, more than three years ahead of the expiration of his term, the bank said on Monday.
In the spring of 2011, the World Bank urged Kenya’s finance ministry to end the evictions until the bank could help the government work out a plan for addressing the Sengwer’s concerns. According to bank officials, Kenyan authorities agreed to stop the evictions until they found new land where the Sengwer could relocate.
The World Bank has regularly failed to live up to its own policies for protecting people harmed by projects it finances. The World Bank and its private-sector lending arm, the International Finance Corp., have financed governments and companies accused of human rights violations such as rape, murder and torture.
The World Bank strongly disputes that its money supported the mass evictions in western Ethiopia. Even as Anuak refugees and human rights groups have publicly charged that World Bank money has been used to bankroll brutal evictions, the bank has continued to send hundreds of millions of dollars into the same health and education program.
Jim Yong Kim (Korean: 김용; born December 8, 1959), also known as Kim Yong (김용 /金墉), is an American physician and anthropologist who served as the 12th president of the World Bank from 2012 to 2019.