78-year-old Former President Lee Myung-bak as been sentenced to 17 years in prison, a fine of 13 billion won (N4bn), and a forfeit of 5.7 billion (N1.9bn) won in a high-profile corruption case in February.
NAIJA LIVE TV reports that a 17-year prison sentence handed to former President Lee Myung-bak by an appeal court on embezzlement and bribery charges has been upheld by the South Korean Supreme Court.
Former President Lee who governed the country from 2008-2013, was charged in April 2018 with 16 counts of criminal allegations, including embezzlement in connection with the auto parts company DAS and receiving bribes.
A district court found the former President guilty or partly guilty of seven accounts last year in October, and sentenced him to 15 years in prison, making him the fourth ex-South Korean leader to be criminally convicted. It also concluded that Lee was the de-facto owner of DAS, an allegation Lee has consistently denied.
The Seoul High Court handed down a longer prison term of 17 years to the former President in February, due to the increased amount of graft that Lee was found guilty of. The court found that Lee used his presidential power to benefit DAS and himself.
Former President was dogged by suspicions over whether he is the real owner of DAS throughout Lee’s political career The former President will be imprisoned again, as the highest court said that the lower court’s February injunction to allow him out of jail became invalid.
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