Lee Myung-bak is found guilty on charges including bribery and embezzlement and ordered to pay a fine of 13 billion won by the Seoul Central District Court

SEOUL, South Korea – Former South Korean president Lee Myung-bak was jailed for 15 years for corruption Friday, October 5, becoming the latest of the country's ex-leaders to be sent to prison. The Seoul Central District Court convicted Lee of taking 6.1 billion won ($5.4 million) in bribes from Samsung, embezzling 24.6 billion won ($21.7 million) from a company he owned called DAS, and “causing losses to state coffers.” In addition to prison time, the court also fined Lee 13 billion won ($11.5 million).
Lee Myung-bak is sentenced to 15 years in jail and US$20 million in fines and forfeiture, on charges of bribery, embezzlement and abuse of power. All four living former Presidents of South Korea now have been convicted.