Lotte Group Chairman Shin Dong-bin will be allowed to keep his place on the board of directors of Lotte Holdings, despite being behind bars. 

The holding firm for Lotte's Japanese affiliates convened a general shareholders’ meeting in Tokyo on Friday and voted down a motion to dismiss Shin from the board. It also rejected a motion to appoint, Shin Dong-joo, who is the former Lotte Holdings Vice Chairman and the older brother of Shin Dong-bin, as board member. 

Both motions were proposed by the older Shin who is aiming to overhaul all management of the conglomerate. 

Shin Dong-bin was sentenced to two-and-a-half years in prison in February for bribery, in a case involving ex-President Park Geun-hye and her longtime confidante Choi Soon-sil.

Lotte Holdings accepted Shin's offer to resign from his chairmanship role but decided to maintain his board membership and vice chairman title.