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Lee Myung-bak’s son investigated

Apr 04,2018
Former President Lee Myung-bak’s son was questioned by prosecutors Tuesday on suspicions of embezzlement and breach of trust in connection with an auto parts company allegedly owned by his father.

The Seoul Central District Prosecutors’ Office said it summoned Lee Si-hyung as a witness. It is the first time the junior Lee has been brought in for questioning since his father was arrested on March 23 over a string of corruption charges that include bribery, abuse of power and embezzlement.

The charges against the former president, who served from 2008 to 2013, center on DAS, a company in which Lee Myung-bak is suspected of being the real owner even though it is listed as belonging to his brother.

Prosecutors believe Lee used the company as a channel to create slush funds. The son is accused of receiving various business favors from DAS.

Prosecutors said they have obtained evidence that shows DAS illegally offered financial support to two companies run by him. DAS is believed to have extended loans to one of Lee’s companies, which was recording losses. They also suspect Lee took out loans at low interest rates from two other companies that had ties to DAS.

The former president has denied the charges. Lee Si-hyung also denies any wrongdoing.

Yonhap