'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.

Related:

Comments

Latest news

Jaguars cut WR Hurns, save $7 million
He totaled 961 yards and five touchdowns combined the past two years while missing 11 regular season games. Though it's no guarantee Hurns will now visit the Jets , the team has given other receivers a look.

Texas FedEx Bomb Explosion May Be Linked To Austin Bombs
They said it's a significant shift from the first three cases where a package was left on the front doorstep of a home overnight. Tuesday, March 20 to the FedEx Ground location in the 4100 block of McKinney Falls Parkway for a suspicious package call.

Bomb 'hoax' at schools in North Yorkshire
The threats sent by email demanded a $5,000 ransom or a bomb left by a student would detonate within three hours. The school tweeted that there was "a national threat made to lots of schools", which prompted an evacuation.

Stephen Hawking Submitted Paper Days Before His Death
In the " No boundary theory" devised with James Hartle, the duo talked about how the earth came into being during the Big Bang. Thomas Hertog , the co-author of the research paper said, "he has often been nominated for the Nobel and should have won it".

Other news