South Korea: Former Prez Lee Myung-bak charged with corruption

PTI | Updated: Apr 9, 2018, 04:18 PM IST

Former South Korean president Lee Myung-bak gestures as he gets into a car to be transferred to a detention centre at his home in Seoul on early March 23, 2018

Another former President indicted.

South Korean prosecutors say they've indicted former President Lee Myung-bak on bribery, embezzlement and other charges.

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Lee's indictment Monday came three days after his successor Park Geun-hye was sentenced to 24 years in prison for a separate corruption scandal. The Seoul Central District Prosecutors Office said today it charged Lee with taking a total of 11 billion won (USD 10 million) in bribes from the country's spy agency, Samsung and others. Lee has also been charged with embezzling about 35 billion won (USD 33 million) of official funds from a private company he owned and evading corporate taxes totaling 3 billion won (USD 281,270).

Lee was a Hyundai executive and a Seoul mayor before serving as president from 2008-2013. Lee has been at a Seoul detention center since his arrest last month.