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Samsung leader faces arrest in South Korea

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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.
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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?
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South Korea seeks to arrest Samsung heir in widening corruption scandal

South Korea seeks to arrest Samsung heir in widening corruption scandal*/

– SEOUL—South Korean prosecutors sought an arrest warrant Monday for Lee Jae-yong, the heir to the Samsung conglomerate, ensnaring the leader of the world’s largest here

South Korea prosecutors seek arrest of Samsung chief for bribery

South Korea prosecutors seek 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-JiSEOUL South Korea’s special prosecutors’ office said on Monday it was seeking a warrant to arrest the head of Samsung Group, the country’s largest conglomerate, accusing him of paying multi-million dollar bribes to a friend of President Park Geun-hye.Samsung Group chief Jay Y. Lee was questioned for 22 straight hours last week as investigators probed a corruption scandal that resulted in parliament impeaching Park last month.
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S Korea prosecutors seek to arrest Samsung heir in bribery scandal, AsiaOne Asia News

S Korea prosecutors seek to arrest Samsung heir in bribery scandal, AsiaOne Asia News*/

– Samsung Electronics vice chairman Jay Y. Lee is surrounded by media as he leaves the office of the independent counsel in SeoulSEOUL – South Korean prosecutors asked a court Monday for the arrest of the heir to giant conglomerate Samsung for bribery in connection with a political scandal that has seen President Park Geun-Hye impeached.In a statement, prosecutors investigating the scandal said they asked a Seoul court to issue an arrest warrant for Lee Jae-Yong, the son of the Samsung group chairman Lee Kun-Hee.
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