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South Korean prosecutors seek to arrest Samsung heir

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South Korean prosecutors seek to arrest Samsung heir

South Korean prosecutors seek to arrest Samsung heir

– Prosecutors are seeking an arrest warrant for Samsung’s heir apparent over allegations of bribery, perjury and embezzlement.The move against Samsung Electronics Vice Chairman Lee Jae-yong on Monday is part of an investigation into a massive political corruption scandal that has shaken South Korea’s political and business elites.Lee is now set to appear Wednesday before a judge who will decide whether the arrest warrant is valid.
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Samsung Heir Felt Pressured by South Korean Leader, Prosecutors Say

Samsung Heir Felt Pressured by South Korean Leader, Prosecutors Say

– SEOUL—Lee Jae-yong, the de facto head of the Samsung conglomerate, told investigators probing his alleged role in a corruption scandal that South Korean President Park Geun-hye coerced him into contributing funds to entities linked to a friend of the South Korean leader, according to prosecutors.Prosecutors made the remark during a news briefing Thursday, a few hours after a court declined to issue an arrest warrant for the scion of…
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South Korean Prosecutors Seek to Arrest Samsung Head for Bribery

South Korean Prosecutors Seek to Arrest Samsung Head for Bribery

– South Korean prosecutors on Monday sought an arrest warrant for Jay Y. Lee, the head of Samsung Group, in a massive bribery scandal that goes all the way up to the president’s office.Lee was interrogated last week for 22 hours in a row over accusations he paid multi-million dollar bribes to a friend of President Park Geun-hye in order to secure business deals.Lee, who took over control of the company in 2014, also faces accusations of embezzlement and perjury, Reuters reported, citing copies of prosecutors’ documents.
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