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S Korea President's brother arrested

Updated Wednesday, July 11th 2012 at 00:00 GMT +3

South Korean President Lee Myung-bak's elder brother has been detained by police on corruption charges.

Former lawmaker Lee Sang-deuk faces allegations of taking 600 million won (£338,200;$525,000) in bribes from the chairmen of two savings banks to help them avoid an audit.

The arrest warrant was approved by the Seoul Central District Court.

It is seen as a potential political setback for South Korea's conservative ruling party in an election year.

The case is the latest in a series of corruption scandals involving people with ties to South Korea's president, who ends his five-year term next February.

The presidential election takes place in December.

As Lee Sang-deuk arrived in court, angry depositors who lost money when the savings banks were suspended hurled eggs at him.

The 76-year-old, who served six terms in parliament, was reportedly taken to a detention centre immediately after the warrant was issued.

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