Thursday, 01 November 2012 08:51
SEOUL: The brother of South Korean President Lee Myung-Bak appeared before a special prosecutor Thursday over alleged irregularities in a project to build the president's retirement home.
Lee Sang-Eun, 79, was called to testify about a 600 million won ($542,000) loan he gave to his nephew and the president's only son, Lee Si-Hyung.
"I'll explain everything in there," Lee, the eldest of the president's two brothers, told reporters before entering the prosecutor's office in southern Seoul.
The case centres around the joint purchase last year by the president's son and the presidential security service of a plot of land on the southern edge of the capital for a now-scrapped retirement home project.
As well as a house for the president, who leaves office at the beginning of next year, the site would have included facilities for security personnel.
But the cost was allegedly not split evenly, with suggestions that the security service paid too high a ...