11 July 2012. President Lee Myung-bak’s brother Lee Sang-deuk, was arrested Tuesday night on bribery charges. He was elected as a member of parliament six-times and is now retired. Prosecutors say he received 600 million won (about $525,000) from two now-defunct savings banks in return for helping them avoid audits that might have caught the difficulties that brought them down. On Wednesday, President Lee cancelled all his appointments for the day. No statement has been issued from the president’s office about the arrest.