S Korea: Samsung chief awaits arrest warrant decision

S Korea: Samsung chief awaits arrest warrant decision

A court in South Korea is deliberating whether to issue an arrest warrant for Samsung chief Lee Jae-yong, who's been accused of bribery, embezzlement and perjury.

Mr Lee could be the first executive to be arrested in connection to a scandal which led to the impeachment of the country's President Park Geun-hye.

South Korea's special prosecutors made a formal request for an arrest warrant earlier this week.

Samsung has denied any wrongdoing.

The electronics giant is accused of giving donations to non-profit foundations operated by Choi Soon-sil, a friend of Ms Park, in exchange for government favours.


It has admitted making payments but insists it did not expect any favours in return.

Mr Lee, also known as Jay Y Lee was at Seoul Central District Court earlier in the day to give evidence. He is now being held in custody pending the decision.


He is currently vice-chairman of Samsung Electronics, but since his father, Lee Kun-hee, suffered a heart attack in 2014, he is considered de facto boss of the entire Samsung Group conglomerate.

Samsung is South Korea's most high-profile company, and its sales are equal to about a fifth of the country's GDP.



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...