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South Korea's new president cleared of fraud allegations
South Korea's new president has been officially cleared of fraud allegations, paving the way for him to take up his new post without a shadow hanging over him.
- Agencies
- Published: 08:51 February 21, 2008
Seoul: South Korea's new president has been officially cleared of fraud allegations, paving the way for him to take up his new post without a shadow hanging over him.
Lee Myung-bak had been subjected to an inquiry into claims he had been linked to a share-rigging plot in 2001.
The special prosecutor who was looking into the allegations, said: "We found the president-elect was not involved in stock manipulation.''
Mr Lee is due to be sworn in as Korean president on February 25.
Prosecutors had said in December they had no evidence linking him to the scandal but re-opened the case after a video came out showing him apparently claiming to have established the company at the centre of the plot.
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