South Korea’s special prosecutor accused Jay Y. Lee and other Samsung Group executives of conspiring to create fake documents to mask millions of dollars in bribes funneled to a confidante of the nation’s president. Lee, the de facto head of Samsung, is alleged to have committed perjury when he said he didn’t know his company had paid money to entities controlled by Choi Soon-sil, and that he wasn’t asked by President Park Geun-hye to provide financial support.
Category: Samsung Group
Korean Prosecutors to Indict Samsung Heir on Graft Charges
South Korea’s special prosecutor plans to indict Jay Y. Lee, the de facto head of Samsung Group, on bribery charges in the latest blow to the country’s largest conglomerate amid a generational handover. Lee will stand trial over accusations he participated in bribes made in exchange for government favors, with formal changes to be filed Tuesday against him and four other executives.
Samsung Group chief to be charged with bribery, embezzlement amid scandal
Lee Kyu-chul, spokesperson for the independent counsel team, speaks during a media briefing at its office in Seoul, South Korea February 28, 2017. Lee Kyu-chul, spokesperson for the independent counsel team, speaks during a media briefing at its office in Seoul, South Korea February 28, 2017.
Korean Prosecutors to Indict Samsung Heir on Graft Charges
South Korea’s special prosecutor plans to indict Jay Y. Lee, the de facto head of Samsung Group, on bribery charges along with four other executives, dealing a blow to the country’s largest conglomerate as it prepares for a generational handover. Formal charges would mean Lee stands trial over accusations of involvement in bribes for government favors.
Samsung Chief Lee Arrested as South Korean Corruption Probe Deepens
Samsung Group chief Jay Y. Lee was arrested early on Friday over his alleged role in a corruption scandal rocking the highest levels of power in South Korea, dealing a fresh blow to the world’s biggest maker of smartphones and memory chips. The 48-year-old Lee, scion of the country’s richest family, was taken into custody at the Seoul Detention Centre after waiting there overnight for the decision.
Samsung Succession in Disarray as Lee Criminal Case Advances
The long-orchestrated plan to cement Jay Y. Lee’s position atop Samsung Group may put him in jail instead, raising questions about who would step in to run South Korea’s biggest conglomerate in the aftermath. Prosecutors are seeking Lee’s arrest on allegations including bribery and embezzlement, which if proven could prompt him to relinquish duties at the family business.
Samsung Succession in Disarray as Lee Criminal Case Advances
The long-orchestrated plan to cement Jay Y. Lee’s position atop Samsung Group may put him in jail instead, raising questions about who would step in to run South Korea’s biggest conglomerate in the aftermath. Prosecutors are seeking Lee’s arrest on allegations including bribery and embezzlement, which if proven could prompt him to relinquish duties at the family business.
Special Prosecutors Question Samsung’s Lee in Bribery Probe
Special prosecutors began questioning Samsung Electronics Co. Vice Chairman Jay Y. Lee on Thursday as a suspect in a bribery investigation, deepening an influence-peddling scandal that has already led to the impeachment of South Korea’s president.
An $830,000 Horse, a Presidential Scandal and Samsung Succession
Samsung Group is getting pulled deeper into the scandal engulfing South Korea’s president with prosecutors homing in on whether an $830,000 horse and millions in other payments were made to smooth succession at the top of the country’s largest company. Special prosecutors summoned two top Samsung executives to answer questions Monday about the company’s role in an alleged influence-peddling scheme that has already led to President Park Geun-hye’s impeachment.