South Korea Seeks Arrest Of Samsung Executive.
South Korea's special prosecutor on Monday January 17, 2017, sought a warrant to arrest the head of Samsung Group Jay Y Lee.
Samsung, the largest mobile and electronics conglomerate's executive, is accused of paying multi- million dollar bribes to a friend of South Korea's President Park Geun-Hye.
Investigators questioned Mr Lee for over 22 hours last week as a suspect in a corruption scandal, which led to parliament impeaching President Park.
The special prosecutors office accused Lee of paying bribes totaling $36.42 million dollars to organisations linked to a Mr Choi Soon-Mil, a friend of the South Korean President, who was 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-He, was incapacitated by a heart attack in 2014, was also accused of embezzlement and perjury, according to the prosecutions application for an arrest warrant.
(Courtesy of Reuters).
Samsung, the largest mobile and electronics conglomerate's executive, is accused of paying multi- million dollar bribes to a friend of South Korea's President Park Geun-Hye.
Investigators questioned Mr Lee for over 22 hours last week as a suspect in a corruption scandal, which led to parliament impeaching President Park.
The special prosecutors office accused Lee of paying bribes totaling $36.42 million dollars to organisations linked to a Mr Choi Soon-Mil, a friend of the South Korean President, who was 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-He, was incapacitated by a heart attack in 2014, was also accused of embezzlement and perjury, according to the prosecutions application for an arrest warrant.
(Courtesy of Reuters).