s korea court mulls fresh bid to arrest samsung heir
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle

S. Korea court mulls fresh bid to arrest Samsung heir

Themuslimchronicle, themuslimchronicle

Themuslimchronicle, themuslimchronicleS. Korea court mulls fresh bid to arrest Samsung heir

Lee Jae-yong, vice chairman of Samsung Electronics
Seoul - AFP

The scion of South Korean giant Samsung appeared in court Thursday as judges deliberate a second attempt by prosecutors to arrest him over a corruption scandal embroiling impeached President Park Geun-Hye.

Lee Jae-Yong, Samsung Electronics vice chairman, is accused of paying nearly $40 million in bribes to Park's secret confidante to secure policy favours.

The 48-year-old appeared grim-faced as he entered the Seoul courthouse Thursday without answering questions from hordes of reporters as protestors chanted "Arrest him!" nearby, according to television footage.

He avoided being arrested during hearings last month, after the court ruled there was insufficient evidence.

But prosecutors on Tuesday made a second bid for his arrest, saying they have collected more evidence in recent weeks.

Lee, the son of Samsung group chairman Lee Kun-Hee, would face immediate incarceration at a detention centre for those awaiting trial, if the court opts to issue the arrest warrant.

The scandal centres on Choi Soon-Sil, who is accused of using her close ties with Park to force local firms to "donate" nearly $70 million to non-profit foundations which Choi allegedly used for personal gain.

Samsung was the single biggest donor to the foundations. It is also accused of separately giving millions of euros to Choi to bankroll her daughter's equestrian training in Germany.

The court is also deliberating an arrest warrant for another Samsung executive, who is also the head of Korea Equestrian Federation, over bribery charges.

Samsung said in a statement Wednesday it had "not paid bribes nor made improper requests to the president seeking favours".

Lee has effectively taken the helm of Samsung -- South Korea's biggest business group -- since his father suffered a heart attack in 2014.

The group's flagship unit, Samsung Electronics, is the world's largest maker of smartphones.

Prosecutors are probing whether Samsung had paid Choi to secure state approval for the controversial merger of two Samsung units seen as a key step towards ensuring a smooth power transfer to Lee.

The merger in 2015 of Samsung C&T and Cheil Industries was opposed by many investors who said it wilfully undervalued the former unit's shares.

But the deal went through after Seoul's state pension fund -- a major Samsung shareholder -- approved it.

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*

s korea court mulls fresh bid to arrest samsung heir s korea court mulls fresh bid to arrest samsung heir

 



Themuslimchronicle, themuslimchronicle

GMT 07:10 2017 Wednesday ,18 October

New Zealand kingmaker set to decide election Thursday

GMT 10:45 2017 Wednesday ,23 August

Iraqi forces advance towards heart of IS-held bastion

GMT 07:45 2017 Friday ,03 November

Pope Francis condemns war as 'useless tragedy'

GMT 00:53 2017 Tuesday ,10 January

45 Daesh suicides killed in Mosul, Tal Afar

GMT 23:22 2017 Thursday ,31 August

December 21 - January 18

GMT 05:49 2017 Monday ,18 December

Manchester United down Albion, Reds rock Bournemouth

GMT 20:30 2017 Sunday ,24 September

ISIS flag seen on Islamabad highway

GMT 09:17 2017 Saturday ,12 August

Merkel embarks on Germany's 'strangest'

GMT 05:58 2017 Saturday ,18 November

Al-Jubeir: Hezbollah poses threat to Lebanon, region

GMT 10:08 2017 Tuesday ,22 August

Nadeen underlines Lebanese drama success

GMT 09:59 2017 Thursday ,12 October

Cara Delevingne accuses Weinstein

GMT 11:02 2017 Wednesday ,26 July

Opposition leader appeals to military in Venezuela

GMT 04:48 2017 Tuesday ,14 March

Ed Sheeran to guest star on ‘Game of Thrones’

GMT 04:20 2017 Sunday ,27 August

Iran, Saudi Arabia to exchange diplomatic visits
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