Court jails ex-South Korea president for 15 years over corruption – Punch Newspapers

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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 ($11.5 million) by the Seoul Central District Court.

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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 24 billion won.

Lee was also found guilty of accepting nearly six billion won from Samsung Electronics in return for a presidential pardon for…



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