Tag: heir

Samsung heir, 4 other execs indicted for bribery, embezzlement

SEOUL, South Korea (AFP) — The heir to the Samsung empire and four other top executives from the world’s biggest smartphone maker were indicted Tuesday on multiple charges including bribery and embezzlement, South Korean prosecutors said. “Special prosecutors today indicted Samsung Electronics vice chairman Lee Jae-Yong… for bribery, embezzlement, hiding of assets overseas… and perjury,” said Lee Kyu-Chul, spokesperson for the team probing a corruption and power abuse scandal that has seen President Park Geun-Hye […]

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Samsung heir arrested in corruption probe

by Park Chan-Kyong Agence France Presse SEOUL, South Korea (AFP) — The heir of South Korean giant Samsung was arrested Friday as part of a probe into corruption and influence-peddling that caused President Park Geun-Hye to be impeached. “It is acknowledged that it is necessary to arrest (Lee Jae-Yong) in light of a newly added criminal charge and new evidence,” a court spokesman said in a statement. Lee Jae-Yong, Samsung Electronics vice chairman, is accused […]

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South Korean prosecutors undecided on further arrest warrant request for Samsung chief

SEOUL, South Korea (Reuters) — South Korea’s special prosecutor’s office said on Thursday (January 19) it had not decided whether to make another arrest warrant request for Samsung Group leader Jay Y. Lee after a court rejected its first. Earlier in the day, a South Korean court dismissed an arrest warrant against Lee, the head of the country’s largest conglomerate, amid a graft scandal that has led to the impeachment of President Park Geun-hye. The […]

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S. Korea court rejects arrest warrant for Samsung heir

by Park Chan-Kyong Agence France Presse SEOUL, South Korea (AFP) — A Seoul court on Thursday refused to issue an arrest warrant for Samsung heir Lee Jae-Yong, who had been wanted over his alleged role in a corruption scandal engulfing President Park Geun-Hye. Prosecutors’ demand for his arrest on charges of bribery, embezzlement and perjury this week sent shock waves through the Samsung group, the world’s biggest smartphone maker with revenues equivalent to a fifth […]

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Samsung heir returns home after marathon bribery questioning

SEOUL, South Korea (AFP) — Samsung heir Lee Jae-Yong returned home Friday after marathon questioning by South Korean prosecutors as a suspect in a massive corruption scandal involving impeached President Park Geun-Hye. Lee, vice chairman of Samsung Electronics and the son of Samsung Group chairman Lee Kun-Hee, was quizzed for 22 hours over allegations of bribery. Looking exhausted, he did not respond to questions from journalists waiting outside the special prosecutor’s office before he rode […]

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