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President-elect in graft inquiry

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From Times Wire Reports

A special prosecutor’s team questioned South Korean President-elect Lee Myung-bak about allegations of financial fraud, a week ahead of his inauguration, a news report said.

Lee was questioned for about three hours in Seoul over claims that he was involved in a 2001 stock manipulation case, Yonhap news agency said.

Lee “answered in detail,” said Kim Hak-geun, an official at the prosecutor’s office.

Officials at Lee’s offices and the special prosecutor’s office could not immediately be reached for comment.

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Lee, a former chief executive of Hyundai Engineering and Construction, has denied the charges and has pledged to abandon the presidency if he is found to have been involved.

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