The prosecution has indicted Booyoung Group Chairman Lee Joong-keun on charges of tax evasion, embezzlement and several other crimes. 

The Seoul Central District Court on Thursday said it indicted the head of the construction and real estate conglomerate on criminal charges including alleged embezzlement, malpractice, tax evasion and violations of the fair-trade and rental housing acts.

It is the first time that a conglomerate chief was indicted under the Moon Jae-in government.

The prosecution also indicted nine other Booyoung executives without detention, who were allegedly involved in Lee's irregularities. Two subsidiaries of Booyoung will also face trial. 

Prosecutors believe Lee was involved in Booyoung affiliates obtaining unfair profits of more than one trillion won by overstating construction costs and inflating apartment sale prices. 

Lee is also accused of irregularities to benefit his family and relatives including a 20 billion won retirement payout to his brother-in-law and employing pressure tactics to give more work to a subcontractor run by his nephew.