Updated Friday, April 18, 2008 0:00 am TWN, AFP

Korean president’s former business partner jailed

SEOUL -- A South Korean court Thursday sentenced a former business partner of President Lee Myung Bak to 10 years in prison for stock manipulation and embezzlement.

Kim Gyeong-Jun had rocked last year’s presidential election race with a claim that Lee was involved in a 2001 fraud concerning Kim’s company.

Prosecutors found his allegations groundless and Lee was elected by a landslide in December. The Seoul Central District Court found Kim guilty of share-rigging, fabricating documents and embezzling company funds.

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