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Former South Korean president Lee Myung-bak jailed for 15 years for corruption

The former South Korean leader was indicted in April on 16 charges that included bribery, embezzlement and abuse of power

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Former South Korean president Lee Myung-bak. Photo: AP

Former South Korean president Lee Myung-bak was jailed for 15 years for corruption on Friday, becoming the latest of the country’s ex-leaders to be sent to prison.

The 76-year-old CEO-turned-president, who served from 2008 to 2013, was found guilty on charges including bribery and embezzlement and ordered to pay a fine of 13 billion won (US$11.5 million) by the Seoul Central District Court.

The former South Korean leader was indicted in April on 16 charges that included bribery, embezzlement and abuse of power.

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The court found that Lee was the de facto owner of DAS – a controversial auto parts company which he claimed was his brother’s – which he used to create slush funds of around 24 billion won.

Lee was also found guilty of accepting nearly six billion won from Samsung Electronics in return for a presidential pardon for its chairman Lee Kun-hee, who was jailed for tax evasion.

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