Home / Business / Samsung leader faces arrest in South Korea

Samsung leader faces arrest in South Korea

collected by :John Locas

follow the latest news about business from different sites most famous technicals / by 2017-01-16 at 7:25

referring to

South Korea prosecutors to decide Monday on Samsung heir arrest

South Korea prosecutors to decide Monday on Samsung heir arrest*/

– South Korea prosecutors to decide Monday on Samsung heir arrestInterAksyon.com means BUSINESSSEOUL, South Korea – South Korean prosecutors investigating a major influence-peddling scandal involving impeached President Park Geun-Hye said they would decide Monday whether to arrest the heir to the giant Samsung group over alleged bribery.Lee Jae-Yong, Samsung Electronics vice chairman and the son of the group’s current chairman Lee Kun-Hee, is accused of approving a decision to pay Park’s secret confidante Choi Soon-Sil large sums of money to secure favourable decisions.The junior Lee was quizzed through Thursday and Friday as a criminal suspect, and three other senior Samsung executives were also questioned.
.

read more from here

South Korea prosecutor seeks arrest of Samsung chief for bribery

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.
.

read more from here

South Korea seeks arrest of Samsung heir as bribery suspect in political scandal

South Korea seeks arrest of Samsung heir as bribery suspect in political scandal*/

– Prosecutors requested the arrest Monday of the de facto head of Samsung, South Korea’s biggest company, on bribery and other charges in the influence-peddling scandal that led to the impeachment of the country’s president.Lee Kyu-chul, a spokesman for the special prosecutors investigating the scandal, said that Lee Jae-yong, the 48-year-old Samsung Electronics vice chairman, faces allegations of embezzlement and of lying under oath during a parliamentary hearing in addition to offering bribes.He said Samsung is suspected of giving 43 billion won ($36 million) to Choi Soon-sil, a long-time friend of the impeached president, Park Geun-hye, while seeking the government’s help with a leadership succession within the company to Lee Jae-yong’s from his father, who has been hospitalized for over two years.
.

read more from here

South Korea prosecutor seeks arrest of Samsung chief for bribery

South Korea prosecutor seeks arrest of Samsung chief for bribery*/

– Samsung 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.
.

read more from here

Samsung leader faces arrest in South Korea

Samsung leader faces arrest in South Korea*/

– A court still has to approve the warrant, and Samsung hasn’t yet offered a formal response to the warrant request.Even so, it’s already clear that the mere intention of arresting Lee would be a serious blow to both him and Samsung as a whole.Lee, as the son of Chairman Lee Kun-hee (himself convicted and pardoned), was tapped to formally take control of Samsung in time — what happens if he’s convicted?
.

read more from here

read more
visit us

business

Check Also

Microsoft Email Access battle by united states Gets highest court of law Review picture-14039-310x165

Microsoft Email-Access battle by united states Gets highest court of law Review

collected by :John Locas Microsoft Email-Access battle by united states Gets highest court of law …