Fourth president: Ex South Korean leader Lee Myung-bak arrestedStaff Writer | March 23, 2018
Former South Korean President Lee Myung-bak was arrested just before midnight Thursday, after a Seoul court accepted a warrant request by prosecutors who suspect he broke the law on multiple counts, including embezzlement, tax evasion and bribery.
Asia Embezzlement, tax evasion and bribery
The ex-CEO of Hyundai Engineering and Construction is accused of embezzling around 35 billion won ($32.6 million) and accepting over 11 billion won ($10.2 million) in bribes from large businesses along with South Korea's state intelligence agency.
Seoul Central District Court approved the prosecution's arrest warrant request at around 11:00 pm (1400 GMT) because of the gravity of the suspicions and the risk of destroying evidence, according to the local news agency Yonhap.
Lee becomes the fourth former South Korean president to be arrested over corruption suspicions, and he is being detained at the same time as another of the country's ex-leaders, Park Geun-hye. ■