78 Years Old Former President Jailed for 17 Years Over Bribery and Embezzlement

 

Lee Myung-bak, former President of South Korea has been returned to prison to serve his jail term of 17 years on the grounds of Bribery and embezzlement which is strictly against the law and a criminal offence. The Conservative Party President whose tenure was between 2008 to 2013 has earlier been released on bail while awaiting his ruling was not present in court as at time of sentence but was eventually arrested in his home in Seoul and carted off. 

The 78 year old former president is likely to die behind bars due to his age unless he receives a pardon from the president. This similarly has occurred to four consecutive former presidents who have been found guilty of criminal offences as the constitution of South Korea does not waver irrespective of positions held. This is as a result of intensive drilling and investigations by rival parties when elected into power. It has been a system of payback thereby leading to continuous jail term of ex presidents. 

Former President Lee was accused of embezzling $22 Million and accepting a total of $9.1 Million in bribes. The president is to forfeit 5.5 million worth of assets and must pay a fine of 13 million. Lee's successor from the conservative party is also currently serving 20 years in prison for bribery and abuse of power after he was defeated in 2017.

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