samsung scion summoned again over corruption scandal
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

With a corruption scandal that led to the impeachment

Samsung scion summoned again over corruption scandal

Arab Today, arab today

Arab Today, arab today Samsung scion summoned again over corruption scandal

Lee Jae-yong , vice chairman of Samsung Electronics
Seoul - ArabToday

Prosecutors summoned the scion of South Korean giant Samsung again on Monday in connection with a corruption scandal that led to the impeachment of President Park Geun-Hye.

Lee Jae-Yong, Samsung Electronics vice chairman and the son of the Samsung group chairman Lee Kun-Hee, has been quizzed multiple times over his role in the scandal that has rocked the nation. 

The de-facto leader of Samsung narrowly avoided being formally arrested last month when prosecutors accused him of bribing Park's confidante to the tune of nearly $40 million. 

A Seoul court rejected the arrest warrant on grounds of insufficient evidence. 

But the prosecutors probing the scandal said Sunday that they would question Lee again after discovering additional evidence in recent weeks. 

"I will earnestly tell the truth to the prosecutors today," a grave-looking Lee told reporters Monday morning before meeting with prosecutors. 

TV footage showed the 48-year-old walking into the prosecutors' office while protestors chanted "Throw Lee Jae-Yong into jail!" and waved banners saying "Arrest Lee Jae-Yong!" 

The prosecutors said earlier they would decide whether or not to seek Lee's arrest based on the outcome of Monday's questioning. 

The scandal centres on Park's confidante, Choi Soon-Sil, who is accused of using her ties to the president to force local firms to "donate" nearly $70 million to two non-profit foundations which Choi allegedly used for personal gain. 

Samsung was the single biggest donor to the foundations and is accused of separately giving millions of euros to Choi and her daughter in a bid to secure policy favours from Park in return.

Park has been named as an accomplice and is also accused of letting Choi, who has no title or security clearance, handle a wide range of state affairs including nominations of top officials. 

Lee -- who has effectively taken the helm of the group since his father suffered a heart attack in 2014 -- is described as a key figure in the scandal. 

Prosecutors are investigating whether Samsung's payments to Choi were aimed at securing state approval for the controversial merger of two Samsung units in 2015 -- seen as a key step towards ensuring a smooth power transfer to Lee from his father. 

The merger was opposed by many investors who said it wilfully unvalued the shares of one of the firms. But it went through after Seoul's state pension fund -- a major Samsung shareholder -- approved it.

source: AFP

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

samsung scion summoned again over corruption scandal samsung scion summoned again over corruption scandal

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

samsung scion summoned again over corruption scandal samsung scion summoned again over corruption scandal

 



GMT 13:49 2017 Thursday ,08 June

Boko Haram kills 11 in NE Nigeria attacks: police

GMT 09:08 2017 Monday ,11 September

Palestinian court grants bail to prominent activist

GMT 00:06 2018 Wednesday ,24 January

Emirates signs agreement for 36 additional A380s

GMT 09:59 2018 Wednesday ,10 January

Pakistan reiterates solidarity with Saudi Arabia

GMT 23:01 2016 Wednesday ,30 November

21 killed in artillery shelling of eastern Aleppo

GMT 09:22 2016 Monday ,10 October

US troops in Kuwait came under 'suicide' attack

GMT 21:14 2017 Tuesday ,21 February

Tatas will lead, not follow

GMT 11:24 2017 Wednesday ,15 February

ISIS kidnapped 16 civilians from Anbar

GMT 19:30 2018 Wednesday ,31 October

King congratulates Antigua and Barbuda Governor-General

GMT 00:05 2017 Thursday ,28 December

Guterres extends mandate of UN-backed Lebanon tribunal

GMT 01:49 2017 Wednesday ,18 October

Iran considered dropping Turkey to fight the Russian

GMT 00:02 2017 Friday ,01 September

July24th-August23rd
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday