S Korea corruption: Court to decide on Samsung chief arrest

17-Jan-2017 Intellasia | BBC | 6:00 AM Print This Post

Samsung arrest warrant?

The indictment comes ahead of an anticipated decision from the special prosecutor’s office regarding an arrest warrant for Samsung chief Lee Jae-yong. The decision on whether to formally arrest Lee had been delayed over the weekend.

Lee is a suspect in a corruption scandal surrounding South Korea’s impeached President Park Geung-hye.

He was questioned for more than 20 hours at the prosecutor’s office in Seoul last week.

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

The donations were allegedly made in exchange for political support of a controversial merger.

Lee, also known as Jay Y Lee, is currently vice-chair of Samsung Electronics. Since his father, Lee Kun-hee, suffered a heart attack in 2014, he is considered de facto boss of the entire Samsung Group conglomerate.

http://www.bbc.co.uk/news/business-38633132

 


Category: Korea

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