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South Korea seeks arrest of Samsung heir on bribery charges
- CLOSE Skip in Skip x Embed x Share Samsung heir Lee Jae-Yong is grilled by South Korean prosecutors after becoming a criminal suspect in the corruption scandal engulfing impeached President Park Geun-Hye.Video provided by AFP NewslookA file picture dated Dec. 6, 2016 shows Lee Jae-yong, vice chairman of Samsung, answering questions during a parliamentary hearing over the Choi Soon-sil corruption probe at the National Assembly in Seoul, South Korea.(Photo: JEON HEON-KYUN / POOL, EPA)South Korea's special prosecutor on Monday sought an arrest warrant for Samsung Electronics heir apparent Lee Jae-yong on bribery charges, linking the executive into the country's deepening political scandal and raising potential economic uncertainty for the tech giant.The move came after investigators questioned the executive of the world's largest smartphone maker last week on suspicion he paid an estimated $36 million in bribes to organizations tied to Choi Soon-sil, a friend of recently impeached South Korean President Park Geun-hye and a key figure in the scandal, according to the Korea Times and other media reports.
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South Korea seeks arrest of Samsung scion in graft scandal
- SEOUL, South Korea — In a departure from the leniency typically given South Korean big businesses, prosecutors on Monday requested the arrest of the de facto head of Samsung Electronics, the country's most valuable company, in an influence-peddling scandal that has toppled the country's president.Lee Jae-yong, the 48-year-old vice chairman at Samsung Electronics, faces allegations of embezzlement, of lying under oath during a parliamentary hearing and of offering a bribe of 43 billion won ($36 million) to a long-time friend of impeached President Park Geun-hye, according to Lee Kyu-chul, a spokesman for a special prosecutors' team investigating the political scandal.It will surprise many that prosecutors requested the arrest of the man who symbolizes the future of South Korea's most important chaebol, as family-controlled conglomerates are known.Such leaders tend to be treated as vital for the national economy.
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