Jay Y. Lee

Behind bars, Samsung heir Lee sees his wealth top $2 billion

Seoul - Muslimchronicle

Jay Y. Lee, the billionaire heir to South Korea’s Samsung Group, should find some comfort that its crown jewel Samsung Electronics has reported record profit every quarter since he was jailed in February, making him even richer. Detained over charges that he bribed former president Park Geun-hye, Lee has since missed the launch of two new flagship phones and threeRead more

Park will be in larger cell than others

Seoul - Arab Today

If ousted South Korean president Park Geun-hye is arrested this week, she will be sent to a solitary cell where she will be expected to rise at 6:30am and go to bed by 9pm. The only privilege she could have over other inmates will be slightly more space and a toilet and shower in an adjoining room, rather than withinRead more

Samsung Group chief denies all charges as "trial of the century" begins

Seoul - Arab Today

The head of South Korea's Samsung Group, Jay Y. Lee, denies all charges against him, his lawyer said on Thursday, at the start of what the special prosecutor said could be the "trial of the century" amid a political scandal that has rocked the country. Lee has been charged with bribery, embezzlement and other offences in a corruption scandal thatRead more

South Korean prosecutor seeks arrest warrant for Samsung chief

Seoul - Arab Today

South Korean special prosecutor's office said on Tuesday it is seeking an arrest warrant for Samsung Group [SAGR.UL] leader Jay Y. Lee as part of its investigation into a graft scandal that could topple President Park Geun-hye. The special prosecution said it would also seek an arrest warrants for Samsung Electronics Co Ltd President Park Sang-jin. It did not elaborateRead more

South Korea prosecutor to summon Samsung's Lee again

Seoul - Arab Today

South Korea's special prosecutor said it would again summon Samsung Group scion Jay Y. Lee on Monday to question him on suspicion of bribery, as it investigates a graft scandal that has engulfed the country's president. Last month, special prosecution officials questioned 48-year-old Lee for more than 22 hours straight, but a court rejected a warrant to arrest him inRead more

Samsung chief questioned behind closed doors in arrest warrant hearing

Seoul - Arab Today

A South Korean judge questioned Samsung Group leader Jay Y. Lee behind closed doors on Wednesday to decide whether he should be arrested over his alleged role in a corruption scandal that led parliament to impeach President Park Geun-hye. Lee, 48, in dark overcoat and purple necktie, did not answer questions from reporters as he left the Seoul Central DistrictRead more

South Korea prosecutor seek arrest of Samsung chief for bribery

Seoul - ArabToday

South Korea’s special prosecutor on Monday sought a warrant to arrest the head of Samsung Group, the country’s largest conglomerate, accusing him of paying multi-million dollar bribes to a friend of President Park Geun-hye. Investigators had grilled Samsung Group chief Jay Y. Lee for 22 straight hours last week as a suspect in a corruption scandal, which last month ledRead more

South Korea prosecutor weighs economic impact of arrest

Seoul - ArabToday

South Korea’s special prosecutor said on Sunday it will take into account the economic impact of whether to arrest Samsung Group leader Jay Y. Lee in connection with an influence-peddling investigation involving the president. The office also delayed by one day, until Monday, its decision on whether to seek the arrest of Lee, the third-generation leader of South Korea’s largestRead more

South Korea prosecutor delays decision on arrest warrant of Samsung's Lee

Seoul - Arab Today

South Korea's special prosecutor has delayed until Monday a decision on whether to seek a warrant to arrest Samsung Group leader Jay Y. Lee, a suspect in an influence-peddling investigation involving President Park Geun-hye, citing the gravity of the case. The special prosecution had said it would make a decision on Lee by Sunday. But spokesman Lee Kyu-chul told reportersRead more