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South Korea's Constitutional Court has ruled that a special investigation into financial fraud allegations against President-elect Lee Myung-bak can proceed. The court's decision Thursday clears the way for a special prosecutor to begin investigating Mr. Lee's alleged links to a 2001 stock manipulation scandal as early as next week. The investigation is expected to wrap up around the time Mr. Lee is sworn into office on February 25th.
The court's decision was a response to a request last week from a group of Mr. Lee's relatives and business partners who claimed the probe was unconstitutional. Prosecutors have already cleared him of the charges, but his political opponents produced new evidence in the case days before he won a landslide victory in last month's presidential race.
Mr. Lee denies the fraud allegations and has pledged to abandon his presidency if found at fault.
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