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As it stated in
News /Samsung Group vice chairman Jay Y. Lee arrestedShareSamsung Group’s vice chairman and de facto head Jay Y. Lee has been arrested, following charges relating to “bribery, embezzlement and perjury” were laid by South Korean prosecutors in January.
Reuters suggests that mentor to Lee, Choi Gee-sung, will be the new acting-figurehead of the Samsung Group.
The South Korean was accused of leveraging his wealth and influence to gain political favours from the country’s chief officials.
Samsung Group’s Jay Y. Lee is the heir to the company’s throne, and is one of South Korea’s wealthiest menIncidentally, Park herself is also being investigated and facing impeachment over corruption charges.
Lee, 48, was the former COO of Samsung Electronics, and has been at the company since 1991.
As it stated in
Samsung Group says will do best to ensure truth revealed in court
Samsung Group said on Friday it will do its best to ensure that the truth is revealed in future court proceedings, after the arrest of its chief, Jay Y. Lee.
Continue Reading BelowSamsung Group chief Jay Y. Lee was arrested early on Friday over his alleged role in a corruption scandal that led parliament to impeach President Park Geun-hye, in a blow to the world’s biggest maker of smartphones.
(Reporting by Joyce Lee; Editing by Lincoln Feast)