samsung scion summoned again over corruption scandal
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle

With a corruption scandal that led to the impeachment

Samsung scion summoned again over corruption scandal

Themuslimchronicle, themuslimchronicle

Themuslimchronicle, themuslimchronicleSamsung 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

themuslimchronicle
themuslimchronicle

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

 



Themuslimchronicle, themuslimchronicle

GMT 06:35 2017 Thursday ,31 August

Eid al-Adha holiday for federal government announced

GMT 10:59 2012 Wednesday ,16 May

National list of endangered species soon

GMT 09:06 2018 Tuesday ,23 January

US warns Russia on Syria chemical attack report

GMT 03:22 2017 Thursday ,02 March

Pakistan hosts 10-nation regional economic summit

GMT 08:50 2018 Sunday ,07 January

India's Pandya defies South African bowlers

GMT 00:21 2017 Wednesday ,11 January

Iran to start gas exports to Iraq once payments made

GMT 17:57 2017 Tuesday ,05 December

Assistant Foreign Minister attends GCC meeting

GMT 14:23 2017 Monday ,04 September

Colombia government, ELN rebels agree ceasefire

GMT 05:31 2015 Sunday ,05 April

Williams romps to eighth Miami crown

GMT 09:54 2017 Tuesday ,07 March

Lee and Lin face emotional farewells

GMT 12:30 2017 Monday ,27 November

Trudeau urges international community

GMT 09:06 2017 Wednesday ,19 April

Trump — from Syria to North Korea

GMT 14:15 2017 Wednesday ,01 February

Russia stripped of London relay silver for doping

GMT 18:41 2015 Thursday ,08 October

Late flurry puts Fitzpatrick top at British Masters

GMT 20:47 2016 Wednesday ,30 November

April 20 - May 20

GMT 13:24 2017 Tuesday ,12 December

INJAZ organizes Innovation Camp

GMT 19:24 2017 Tuesday ,05 September

Hurricane Irma forms over eastern Atlantic
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
 
 Themuslimchronicle Facebook,themuslimchronicle facebook  Themuslimchronicle Twitter,themuslimchronicle twitter Themuslimchronicle Rss,themuslimchronicle rss  Themuslimchronicle Youtube,themuslimchronicle youtube  Themuslimchronicle Youtube,themuslimchronicle youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©

muslimchronicle muslimchronicle muslimchronicle muslimchronicle
themuslimchronicle themuslimchronicle themuslimchronicle
themuslimchronicle
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
themuslimchronicle, themuslimchronicle, themuslimchronicle