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Korean court issues arrest warrant for ex-President Lee

Korean court issues arrest warrant for ex-President Lee

The arrest came soon after the Seoul Central District Court issued an arrest warrant for him late on Thursday night.

Former South Korean President Lee Myung-bak has been arrested over a host of corruption allegations, ranging from bribery to embezzlement and tax evasion.

"With my arrest, I just hope the suffering faced by my family members and those who worked easily somewhat", he said.

Lee served as South Korea's president from 2008 to 2013. Yonhap reported that if convicted of all the allegations he could be jailed for up to 45 years.

According to a report by The Guardian, the former President of South Korea, Lee Myung-bak, was paid a total of £7.4 million worth of bribes.

Lee is also accused of accepting millions of dollars from a former CEO of a state-financed banking group for helping him assume the post.

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The 76-year-old faces at least 14 charges, the most serious of which is receiving ten million US dollars in bribes from businesses and agencies.

Lee is the fourth South Korean president to be arrested. The former President denied the charges and called the investigation political revenge against him.

Myung-Bak is also suspected of using a auto parts supplier operated under the name of his elder brother as an illicit secret fund to misappropriate 34.8 billion won for political activities and personal use, according to Yonhap.

Conservative Lee's successor Park Geun-hye was ousted last year over a massive corruption scandal that emerged in 2016, and the verdict in her bribery and abuse of power trial is due next month, with prosecutors demanding 30 years in jail.

As for the interrogation, the prosecutors this morning said there will be no questioning today, considering Lee's old age and the busy schedule of his first day of detention, which includes a medical examination, but said they will be visiting the detention center for questioning in the near future.