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South Korea prosecutor seeks arrest of Samsung chief for bribery
- SEOUL South Korea's special prosecutor on Monday sought a warrant to arrest the head of Samsung Group [SAGR.UL], the country's largest conglomerate, accusing him of paying multi-million dollar bribes to a friend of President Park Geun-hye.Investigators had grilled Samsung Group chief Jay Y. Lee for 22 straight hours last week as a suspect in a corruption scandal, which last month led to parliament impeaching Park.The special prosecutor's office accused Lee of paying bribes total 43 billion won ($36.42 million) to organizations linked to Choi Soon-sil, a friend of the president who is at the center of the scandal, in order to secure the 2015 merger of two affiliates and cement his control of the family business.The 48-year-old Lee, who became the de facto head of the Samsung Group after his father, Lee Kun-hee, was incapacitated by a heart attack in 2014, was also accused of embezzlement and perjury, according to the prosecution's application for an arrest warrant.
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South Korea prosecutor seek arrest of Samsung chief for bribery
- Reuters InternationalSamsung Electronics vice chairman Jay Y. Lee arrives to attend a hearing at the National Assembly in Seoul, South Korea, December 6, 2016.REUTERS/Kim Hong-JiBy Ju-min Park and Se Young LeeSEOUL (Reuters) - South Korea's special prosecutor on Monday sought a warrant to arrest the head of Samsung Group [SAGR.UL], the country's largest conglomerate, accusing him of paying multi-million dollar bribes to a friend of President Park Geun-hye.Investigators had grilled Samsung Group chief Jay Y. Lee for 22 straight hours last week as a suspect in a corruption scandal, which last month led to parliament impeaching Park.The special prosecutor's office accused Lee of paying bribes totalling 43 billion won (30.29 million pounds) to organisations linked to Choi Soon-sil, a friend of the president who is at the centre of the scandal, in order to secure the 2015 merger of two affiliates and cement his control of the family business.
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S. Korea prosecutors seek arrest of Samsung heir
- Samsung heir Lee Jae-yong (C): some critics say he has "the Minus touch" after several of his pet projects have fizzled out (AFP Photo/AHN Young-Joon)South Korean prosecutors on Monday sought the arrest of the heir to the Samsung empire over a scandal that has seen the country's president impeached, in the latest setback for the giant conglomerate.Samsung, the world's largest smartphone maker, is already reeling from the international debacle over its Galaxy Note 7, which was recalled after some devices caught fire.Prosecutors investigating the corruption scandal said they asked a court to issue an arrest warrant for Lee Jae-Yong, the only son of Samsung group chairman Lee Kun-Hee.The Seoul Central District Court said it would rule on the request on Wednesday.
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S Korea prosecutors seek arrest warrant for Samsung heir apparent • The Register
- Samsung's been pulled deeper into "Choi-gate" – the scandal surrounding the South Korean president.Prosecutors in the country today applied for an arrest warrant for Samsung's de facto boss, Lee Jae-yong.The scandal revolves around impeached President Park Geun-hye's informal advisor Choi Soon-sil, whose father, Choi Tae-min*, started a religious sect (the Church of Eternal Life) in 1974.Choi is accused of extorting $75m from Korea's largest chaebol (conglomerate of companies) via charities-cum-foundations that she controlled.
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