Seoul — Former South Korean president Lee Myung-bak was formally indicted for corruption on Monday, becoming the latest of the country’s former leaders to face criminal charges. The CEO-turned-president who served from 2008 to 2013 had been charged with bribery, power abuse, embezzlement and tax evasion, state prosecutors said. The indictment comes just days after Lee’s successor as president Park Geun-hye was jailed for 24 years for corruption. "We will thoroughly retrieve the criminal proceeds that were accumulated by Lee through illegal means," prosecutor Han Dong-hoon said. Lee was detained in late March but has since refused to be interrogated by prosecutors. He has denied any wrongdoing and has denounced the investigation as a "political revenge". If convicted of all the allegations, the septuagenarian Lee could be jailed for life, Yonhap news agency reported. His trial is expected to begin next month, said Yonhap. South Korean presidents have a tendency to end up in prison af...

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