South Korean prosecutors have sought court approval to arrest former President Lee Myung-bak over a series of corruption allegations. <br />The gravity of the allegations and the high risk of Lee destroying evidence were the major reasons behind the request,... which will be reviewed by the court by late Wednesday.<br />Kim Hyo-sun tells us more. <br /> Prosecutors requested an arrest warrant for former President Lee Myung-bak on Monday,... over twelve corruption charges. <br />Lee,... who served as South Korea's president from 2008 to 2013,... is suspected of receiving around ten million U.S. dollars in bribes. <br />The prosecution also believe he's the real owner of DAS,... an auto parts company,... which he used as a channel to accumulate illicit slush funds amounting to nearly 30 million dollars.<br />The arrest warrant request comes five days after Lee was summoned by the prosecution for questioning on March 14th,... over charges of bribery, embezzlement and tax evasion. <br />The prosecution explained that the arrest warrant was unavoidable,... considering the gravity of the allegations and Lee's continual denial of the allegations,... which could prompt him to destroy evidence. <br /> The court is expected to decide whether to issue an arrest warrant by late Wednesday at the earliest. <br /> If Lee is arrested,... he will become the nation's fourth former president to be arrested on criminal charges.<br />Kim Hyo-sun, Arirang News. <br />