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Samsung raided again as South Korea corruption probe widens
Prosecutors investigating corruption allegations involving South Korea's president have raided Samsung again as public outrage grows over the company's alleged link with the scandal.Employees walk past logos of Samsung Group at its headquarters in Seoul (Newsis/AP)Prosecutors investigating corruption allegations involving South Korea's president have raided Samsung again as public outrage grows over the company's alleged link with the scandal.They also raided the country's national pension fund as the inquiry into President Park Geun-hye and her friend Choi Soon-sil continued, while two ministers offered to resign.Share Facebook Twitter Google EmailGo ToSouth Korea's presidential office said the justice minister and senior presidential secretary for civil affairs had offered to step down.
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Samsung office raided in South Korea corruption probe
South Korean prosecutors raided the offices of Samsung Group following media reports of alleged links with a confidante of President Park Geun-hye who has been indicted in an influence-peddling scandal, a prosecution official said.Wednesday's raid comes as Samsung faces allegations that it bribed Park's confidante Choi Soon-Sil to win state approval for a controversial merger it sought last year.Prosecutors also raided South Korea's largest pension fund, the National Pension Service (NPS), a spokesperson said.The NPS oversees funds worth $461bn, making it the world's third largest service of its kind.
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Samsung, pension fund raided as South Korea's probe of president widens
SEOUL, South Korea – South Korean prosecutors investigating a corruption scandal surrounding the country's president and her friend raided on Wednesday a unit of the country's largest business group, Samsung, and the national pension fund, as public outrage grows over Samsung's alleged link with the scandal.Officials at Samsung Group and National Pension Service confirmed investigators visited their offices in Seoul.The Investment Management Office of the world's third-largest pension fund was the target of the raid, according to an NPS official who declined to be named, citing office rules.Samsung spokeswoman Lim Bomi declined to say which Samsung department was raided.
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