If half of the corruption allegations against former President Lee Myung-bak are true, then it looks like he may be in some serious trouble:
Lee Myung-bak
Troubled shipbuilder Sungdong Shipbuilding and Marine Engineering was the source of bribes former President Lee Myung-bak allegedly accepted from a banker, sources from the prosecution said Friday.
Lee, who was in office from 2008 to 2013, is being investigated over various corruption accusations. Of the 20 charges he is facing, one is an allegation that he had accepted a total of 2.25 billion won ($2.12 million) from Lee Pal-sung, then-chairman of Woori Financial Group, from 2007 until 2011. The banker allegedly paid the money to keep his job during Lee’s presidency.
According to prosecution sources, a memo was found in Lee Pal-sung’s home during a raid last month. It detailed his payments to Lee’s family, including the former president’s son-in-law.
The money came from Sungdong Shipbuilding and Marine Engineering, which was in serious financial trouble at the time, the prosecution sources said. The midsize shipbuilder was established in 2003 but its financial situation deteriorated in the aftermath of the 2008 global financial meltdown. Up to now, the firm received 9.3 trillion won in bailouts, but has not been turned around. The government decided earlier this month to let the company file for court receivership.
Lawyers of the former president said Friday that Lee told the prosecution during questioning earlier this week that he had no knowledge of the bribery.
The JoongAng Ilbo reported Friday that the prosecution has secured testimony from a former CEO of auto component maker DAS that former President Lee accepted large amounts of secret funds from the company for years.
According to sources from the legal community, the prosecution suspects that Lee had took about 3.5 billion won from DAS. The auto parts maker is technically owned by Lee’s elder brother, but prosecutors believe that Lee is the actual owner. [Joong Ang Ilbo]
You believe these lies coming from the blue house and commie moon? Suppose to have “mountains” of evidence on President Pak and we still haven’t seen anything.
Mcgeehee
6 years ago
Ref the NIS money, rotsa ruck. The NIS budget is secret, appropriations are not issued, approved, or even known by the assembly. Therefore, their expenditures are not known, not subject to scrutiny, or assembly controlled oversight. Unlike the Intelligence Community controls put in place by the Intelligence Oversight Committee in the US, the NIS has autonomy over their budget and operations. Many of these NIS pathologies came to light during the NIS meddling of the 2012 election of Park Geun-hye.
Since then, intelligence reforms have been conceptualized and bills drafted, but for the most part, the Chun Doo-Hwan era of secrecy and anything goes still reigns.
J6Junkie
6 years ago
2MB is gping to jail for sure. Moon won’t stop until he gets revenge for Roh.
Who thinks that Moon is clean?
You believe these lies coming from the blue house and commie moon? Suppose to have “mountains” of evidence on President Pak and we still haven’t seen anything.
Ref the NIS money, rotsa ruck. The NIS budget is secret, appropriations are not issued, approved, or even known by the assembly. Therefore, their expenditures are not known, not subject to scrutiny, or assembly controlled oversight. Unlike the Intelligence Community controls put in place by the Intelligence Oversight Committee in the US, the NIS has autonomy over their budget and operations. Many of these NIS pathologies came to light during the NIS meddling of the 2012 election of Park Geun-hye.
Since then, intelligence reforms have been conceptualized and bills drafted, but for the most part, the Chun Doo-Hwan era of secrecy and anything goes still reigns.
2MB is gping to jail for sure. Moon won’t stop until he gets revenge for Roh.