By K.J. Kwon, CNN
updated 6:53 AM EDT, Wed July 11, 2012
South Korean President Lee Myung-bak's brother, Lee Sang-deuk, is claimed to have gained cash from bothered banks.
STORY HIGHLIGHTS
- Lee Sang-deuk is observed as a big power within the president's election
- He is claimed to have won cash from financial savings banks
- Relatives of earlier South Korean presidents have additionally confronted charges
- The daughter of a former president says she's going to run for president this year
Seoul, South Korea (CNN) -- A South Korean court docket has issued an arrest warrant for the brother of President Lee Myung-bak on bribery charges, a courtroom legit stated Wednesday, dealing a blow to the governing birthday celebration sooner than elections later this year.
Lee Sang-deuk, a former six-term lawmaker, have been charged over allegations he won approximately part 1,000,000 greenbacks from the financial savings banks Solomon and Mirae in trade for exerting affect over officers investigating the banks, the courtroom legitimate said.
He was taken to a prison early Wednesday after the issuing of the arrest warrant, stated the court docket official, who declined to be recognized as a result of she isn't approved to talk publicly at the case.
Lee Sang-deuk is thought of as to has been the foremost drive in the back of Lee Myung-bak's presidential election in 2007.
The incumbent president may not be working for re-election later this 12 months for the reason that regulation limits presidents to just one five-year term, however the arrest taints a twin of his governing party.
Lee Sang-deuk's attorney didn't go back calls in the hunt for touch upon Wednesday.
The president's brother mentioned he was sorry as he was taken to the jail however didn't remark further, South Korea's Yonhap information company reported.
The operations of Solomon and Mirae had been suspended in Would possibly for 6 months by the authorities, prompting anger from individuals who had been not able to retrieve cash they'd deposited within the banks.
Lee Sang-deuk isn't the first relative of a South Korean president to stand legal charges.
"Families of former presidents has been misusing energy before," mentioned Kwang Won-taek, professor at Seoul Nationwide College. "The current's president's time period goes to finish quickly and the suspicions are surfacing."
Former President Roh Moo-hyun devoted suicide in 2009 amid an research right into a bribery scandal that had tarnished his popularity. His older brother was convicted and sentenced to prison.
And former President Kim Dae-jung's three sons had been additionally imprisoned for corruption by the top of his presidential term.
Lee Sang-deuk's arrest got here after the statement by Park Geun-hye, the daughter of former President Park Chung-hee, that she could be working for president this year.
Park Chung-hee, who was shot and killed by his intelligence leader in 1979, stirs combined reactions amongst South Koreans.
Some contributors of older generations believe him a countrywide hero who constructed up the nation's economy, however a few critics say he was a dictator who abused human rights.
Park Geun-hye mentioned Tuesday that she might intention for "transparent, capable, and service-oriented executive" if she had been to be elected, Yonhap reported.
Her mom was shot and killed in 1974 by a Japanese-born Korean who had shut ties to North Korea.
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