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Former South Korean President Lee Myung-bak Charged for Corruption

Former South Korean President Lee Myung-bak Charged for Corruption

Former South Korean President Lee Myung-bak has been charged for corruption. He is charged for taking almost 11 billion won ($10.2 million) in bribes from Samsung and government agencies including 700 million won ($653,000) from the National Intelligence Agency’s official funds.  During his presidency, his government is also alleged to provide Samsung privileges including the 2009 pardon of its Chairman Lee Kun-hee, in return for bribes.

” Former South Korean President Lee Myung-bak Charged for Corruption “

Lee Myung-bak is the South Korea President between 2008 to 2013.  Prior, he was the CEO of Hyundai Engineering and Construction and was the mayor of Seoul between 2002 to 2006.  He had already been sentenced to a suspended three-year prison term for accounting losses and tax evasion at a Samsung affiliate.

Another former South Korean President, Park Geun-hye had been sentenced to 24 years jail for corruption.  In 1996, former South Korea Presidents Chun Doo-hwan (1979-1988) and Roh Tae-woo (1988-1993) were convicted in 1996 of mutiny, treason and corruption and for their roles in the Gwangju Uprising.  Both former Presidents were sentenced to death, amended to jail, and later received presidential pardons.

In recent times, Chairman of the Lotte Group Shin Dong-bin had been sentenced to 2.5 years in jail for corruption.  Samsung Group heir Jay Y. Lee was also sentenced to 2.5 years, but was freed after 1 year.

Sources: USA Today, Nikkei

 

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