South Korean Prosecutors Seek Arrest of Samsung Chief

South Korean Prosecutors Seek Arrest of Samsung Chief

FILE - The corporate logo of Samsung Electronics Co. is seen at its shop in Seoul, South Korea.


South Korean prosecutors investigating the corruption scandal that led to the impeachment of the country's president have asked for the arrest of Samsung's acting chief, Lee Jae-yong, son of the Samsung group chairman Lee Kun-hee who has been ill in recent years.

The prosecutors have been conducting a probe into Samsung's financial support of a business and foundations backed by President Park Geun-hye's friend Choi Soon-sil. Samsung is South Korea's biggest conglomerate.

Park is accused of colluding with her longtime friend to force or bribe Korean conglomerates to donate over $65 million to two dubious foundations, and to turn a blind eye while Choi funneled some of the funds and lucrative side contracts to companies owned by herself and her friends.

In December, the National Assembly voted overwhelmingly to impeach Park on charges of abuse of power, bribery and infringement of press freedom in connection with an alleged multi-million dollar influence peddling scandal.

Park has been suspended from office, but continues to live in the presidential Blue House.



Add Comment

all comments

  Other news

more
CIA head Pompeo held secret talks with Syrian intel in attempt to release US captive Ė report

CIA head Pompeo held secret talks with Syrian intel in attempt to release US captive Ė report..

24-Jun, 06:07

CIA director Mike Pompeo reportedly held low-key talks with Syriaís...

Love Island: Amber Davies SLAMS Megan McKenna's lips as she claims the TOWIE star has taken her surgery 'too far'

Love Island: Amber Davies SLAMS Megan McKenna's lips as she claims the TOWIE star has taken..

24-Jun, 07:43

Despite admitting that she "looks up" to Megan McKenna, it hasn't stopped...

How pheromones trigger female sexual behavior

How pheromones trigger female sexual behavior..

24-Jun, 11:42

A study by a group of Japanese scientists showed how a male pheromone in...

Hong Kong police arrest 21 Uber drivers in latest crackdown

Hong Kong police arrest 21 Uber drivers in latest crackdown..

23-May, 02:57

Hong Kong police have launched a fresh crackdown on Uber, arresting 21...

Attack on rhinoceros in Paris puts zoo security in spotlight

Attack on rhinoceros in Paris puts zoo security in spotlight..

10-Mar, 15:48

The brazen killing of a rhinoceros at a wildlife park near Paris by...

China police arrest mine manager in explosion death cover-up

China police arrest mine manager in explosion death cover-up..

18-Feb, 01:36

Police in central China's Hunan province have arrested a coal mine...

5 things analysts and investors want to hear in Trump speech

5 things analysts and investors want to hear in Trump speech..

28-Feb, 03:06

Economists and investors will be looking for one thing above all from...