'Ex-President Lee Created 34 Bln Won in Slush Funds through DAS'

Lee reportedly spent more than 21 hours at the prosecutors office in Seoul from Wednesday morning

If an arrest warrant is issued, it would be the first time that two former presidents are in detention, with Lee's successor now standing trial behind bars.

South Korean prosecutors asked a court on Monday to issue an arrest warrant for former president Lee Myung-bak. He's also accused of using false names to hide his ownership of the auto parts company DAS, which he allegedly used to accumulate slush funds worth almost 30 million dollars.

Lee, the latest of several ex-leaders to be embroiled in a criminal inquiry, is being investigated for multiple cases of bribery amounting to millions of dollars.

The prosecution office said Lee denied nearly all of the wrongdoings, and even basic facts found through probe. He has previously called the investigation "political revenge" and denied the charges against him. "I hope that I will be the last former president to stand here".

The allegations against Lee include claims that the Samsung Group bought a presidential pardon in 2009 for its chairman Lee Kun-hee, who had been convicted of tax evasion and given a suspended jail sentence.

Lee's immediate successor, Park Geun Hye, was removed from office previous year after being impeached and is now standing trial on charges of bribery, abuse of power and coercion.

Before the presidential election in December 2007, Lee allegedly obtained 200 million won from chief monk Jikwang, who sought for Lee's influence in establishing a Buddhist university.

Prosecutors are also considering summoning Lee's wife, Kim Yoon-ok, as they suspect she received illegal funds worth 500 million won from a former chief of a bank, and embezzled 400 million won via a DAS corporate credit card for her private use.

He is suspected of exerting power through government agencies to help a DAS lawsuit in the USA, which was filed to recoup the company's investment, and of moving classified state documents to DAS' warehouse. The current South Korean president, Moon Jae-in, accused Lee of targeting Roh in an effort to discredit liberal politicians.



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