A convoy of vehicles, including a black sedan carrying Lee, entered a detention center in Seoul after the Seoul Central District Court approved his arrest warrant, citing what it called serious alleged crimes and a possibility that he might try to destroy evidence.
Lee issued an online statement, saying that as president, he tried to cease past wrong practices and carry out clean politics.
In the statement written the previous day, he said that the country faced a global financial crisis during his term, but successfully overcame it in the most exemplary way.
State prosecutors requested the arrest warrant on Monday following five months of investigations that also focused on Myung-Bak's family and aides.
If convicted of all charges, he faces up to 45 years in prison, according to Yonhap.
Lee, who led the country from 2008 to 2013, is just the latest high-profile South Korean politician to find himself embroiled in legal woes.
Mr Lee last week said he hopes "this is the last time in history" that a former president is victimised. Prosecutors escorted him from his grace-and-favor residence in Gangnam late Thursday night and transported him to a remand jail on the outskirts of Seoul.
The proposed revision deprives the president of the right to name the chief of the country's Constitutional Court, handing that decision over to the court's justices.
At DAS, prosecutors suspect Lee created a slush fund worth 33.9 billion won, adjusted down from previous media reports of 35 billion won. The arrest warrant was issued in response to the criminal charges against him and concern over potential destruction of evidence.
In exchange for the payment, Samsung Electronics Chairman Lee Kun-hee is believed to have bought a presidential pardon in 2009 when the Samsung chairman, now in hospital, got a suspended jail sentence for tax evasion.
Lee, for his part, stands accused of accepting millions of dollars in bribes from a variety of individuals and organizations - including, It also said Lee's son, Lee Si-hyung, embezzled some 472 million won from the company. Prosecutors searched Samsung offices in Seoul and Suwon, outskirts of the capital city, in February before calling in former Samsung Electronics Vice Chairman Lee Hak-soo for questioning.
It also said Lee's son, Lee Si-hyung, embezzled some 472 million won from the company.
Prosecutors searched Samsung offices in Seoul and Suwon, outskirts of the capital city, in February before calling in former Samsung Electronics Vice Chairman Lee Hak-soo for questioning.