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savings bank that was trying to avoid having its operations suspended, Yonhap news agency said.
Kim Du-Woo, former senior spokesman for President Lee Myung-Bak, was indicted on charges of allegedly receiving more than 130 million won US$112 000 from Park Tae-Gyu, a lobbyist for Busan

Savings Bank, the agency reported, quoting prosecution officials.
Kim (54), resigned in September over a corruption probe of the bank by state prosecutors.

He has been charged with receiving 115 million won in cash from the lobbyist since July 2010.
Prosecutors said Kim had also received 15 million won worth of department store gift certificates and two sets of golf clubs worth together about three million won, according to Yonhap.

Busan Savings Bank was suspended in February, along with three other savings banks. Kim maintained he has “never received money in exchange for favours and never lobbied for anyone”, the prosecution said.

Eight savings banks have been suspended so far this year because of inadequate liquidity after financing on soured real-estate projects swelled their bad debts. – AFP.