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Samsung Group offices raided by Korean prosecutors
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- South Korean prosecutors raided the headquarters of Samsung Group today, as well as the nation's largest pension fund.The moves are seen as part of a broadening investigation into influence-peddling that involves South Korean President Park Geun-hye.The Wall Street Journal described the raid as a "daylong sweep" of Samsung's headquarters in the Gangnam area of Seoul.
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Samsung Group offices get raided again in political scandal
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- Photo by Shara Tibken/CNETSamsung Group's offices have been raided for a third time in connection with the political scandal roiling South Korea, according to a new report.South Korean prosecutors raided the offices of the Samsung Electronics parent company on Wednesday, Yonhap News reported.Authorities also raided South Korea's state-run pension fund "over allegations that the presidential office influenced the pension fund's decision to back Samsung's merger plan last year," the publication said.
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Samsung HQ raided as part of corruption scandal linked to president and $8bn Cheil merger
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- Samsung's South Korean offices have been raided by authorities as part of a corruption investigation linked to last year's $8 billion merger with Cheil Industries.Prosecutors are looking into whether President Park Geun-hye's confidante and close friend, Choi Soon-sil, accepted bribes from Samsung executives in exchange for influencing key players in approving the controversial merger with Cheil Industries.The allegations accuse Samsung of giving £2.5m (€2.8m euros/$3.1m) to a company co-owned by Choi and her daughter, in return for president Park's support for the deal.
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