Home News South Korea Ex-President Bags 15 Years Jail Terms Over Corruption

South Korea Ex-President Bags 15 Years Jail Terms Over Corruption

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Candy Tv South Korea Ex-President Bags 15 Years Jail Terms Over Corruption

The former South Korean president,
Lee Myung-bak was jailed for 15 years for corruption, on Friday.

The 76yrs 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.

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 $22m

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.