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 $11.5 million.
South Korean ex-president
Lee Myung-bak has bagged a 15 years jail term for corruption, becoming the
latest of the country’s ex-leaders to be sent to prison.
The former South Korean
leader was indicted in April on 16 charges that included bribery, embezzlement,
and abuse of power.
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 $22m.
“Bringing everything into
consideration, heavy punishment for the accused is inevitable,” said a judge
during the trial that was live televised.
Lee was not in attendance,
citing ill-health.
Lee was also found guilty
of accepting nearly $6m 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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