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DAS: Prosecutors question Lee Myung-bak's son over company ownership, suspicions of slush fund

2018-02-26 1 Dailymotion

In other news, prosecutors are investigating the family members of former President Lee Myung-bak... in connection to suspicious activities at an autoparts maker said to be owned by the former conservative leader.<br />They're looking at the company's opaque ownership structure and allegations of embezzlement.<br />And soon... Lee Myung-bak himself could face questioning.<br />Park Hee-jun has the latest. After concluding that DAS-- an auto parts company involved in suspicious trade and allegations of embezzlement-- belongs to ex-president Lee Myung-bak,... prosecutors are closing in on his family members.<br /><br /> On Monday morning, prosecutors raided the home and office of Lee Myung-bak's son-in-law-- Lee Sang-joo,... who is an executive at Samsung Electronics and husband to the former President's eldest daughter.<br /> He's suspected of receiving illegal funding from an unknown third-party on behalf of the ex-President. <br />Prosecutors are likely to call him in for questioning soon so they can trace the money flow.<br /><br /> And on Sunday, prosecutors summoned the former President's son Lee Si-hyung-- an executive of DAS,... over rumors about who actually owns the company, and allegations that the company had a secret slush fund.<br />During 16 hours of questioning at the Seoul Central District Prosecutors' Office on Sunday,... Lee was asked whether he took a 930-thousand dollar portion of the 14-million dollar proceeds from the sale of land in Dogok-dong, southern Seoul.<br /><br /> Lee Myung-bak is believed to have managed hundreds of thousands of dollars in slush funds through DAS.<br />His son, brother, and nephew are all either representatives or board members of the company,... which has been under scrutiny since 2007 when Lee won the presidential election.<br /> Documents show that his brother Lee Sang-eun is the president,... however civic activists and lawyers have been claiming the former president is the unknown, actual owner of the company - and that he embezzled some eleven million dollars of company money and evaded taxes.<br />The investigation has been ongoing since December, and prosecutors are planning to summon Lee Myung-bak early next month.<br /><br />Park Hee-jun, Arirang News. <br />

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