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South Korea seeks arrest of Samsung boss Lee

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S Korea prosecutor seeks arrest warrant for Samsung scion

S Korea prosecutor seeks arrest warrant for Samsung scion

– SEOUL — Prosecutors are seeking a warrant of arrest for Samsung Group’s Jay Y Lee for allegations including bribery and embezzlement, a stunning turn for the scion of South Korea’s richest family groomed for decades to take over the company from his father.Mr Lee, 48, the de facto head of the Samsung Group and vice-chairman of Samsung Electronics, is accused of participating in payments that Samsung made to a close friend of South Korean President Park Geun-hye in exchange for government support in the company’s succession planning.A court will still have to determine whether to approve the warrant, which was announced by prosecutors in a briefing yesterday.
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South Korea seeks arrest of Samsung boss Lee

South Korea seeks arrest of Samsung boss Lee

– South Korean prosecutors request the arrest of Samsung head Jay Y. Lee for charges of bribery linked to the corruption scandal engulfing President Park Geun-hye on Monday.As Reuters’ Vincent Lee reports, his arrest, and trouble ahead for Samsung, looks very likely.
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South Korea prosecutor seeks arrest of Samsung chief Jay Y Lee for bribery

South Korea prosecutor seeks arrest of Samsung chief Jay Y Lee for bribery

– South Korea prosecutor seeks arrest of Samsung chief Jay Y Lee for briberyPostedSouth Korea’s special prosecutor has sought a warrant to arrest the head of Samsung, the country’s largest conglomerate, accusing him of paying multi-million-dollar bribes to a friend of President Park Geun-hye.Key points: Jay Y. Lee is accused of paying bribes of nearly $50 millionMr Lee became the de facto head of Samsung after his father became illSamsung is the world’s biggest maker of smartphones, flat-screen TVsInvestigators 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 Ms Park.The special prosecutor’s office accused Mr Lee of paying bribes totalling 43 billion won ($48.7 million) 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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South Korea seeks arrest of Samsung scion in graft scandal

South Korea seeks arrest of Samsung scion in graft scandal

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