samsung scion summoned again over corruption scandal
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

With a corruption scandal that led to the impeachment

Samsung scion summoned again over corruption scandal

Egypt Today, egypt today

Egypt Today, egypt today Samsung 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

egypttoday
egypttoday

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



GMT 10:07 2019 Monday ,19 August

Live a calm and distinctive atmosphere

GMT 08:45 2018 Friday ,19 January

Taiwan chip 'godfather' bullish on cryptocurrency

GMT 08:53 2017 Saturday ,11 November

Saudi cuts crude exports by 120 thousand barrels per day

GMT 09:39 2019 Monday ,19 August

Live an important atmosphere in your career

GMT 12:44 2018 Tuesday ,06 November

Tokyo stocks close higher on robust domestic earnings

GMT 06:34 2015 Thursday ,22 January

India's Suzlon sells German unit to raise €1bn

GMT 11:55 2017 Thursday ,20 April

King hails medical milestone

GMT 09:36 2017 Saturday ,22 April

US judge orders VW to pay $2.8 bln criminal penalty

GMT 12:13 2017 Saturday ,07 October

Gender is new battleground in culture wars

GMT 22:48 2017 Friday ,17 March

Is this 10th largest diamond ever found?

GMT 08:43 2017 Wednesday ,18 October

US strategy sees Raqa fall but leaves Kurds in lurch

GMT 11:55 2018 Wednesday ,26 September

President Abbas meets Belgian Prime Minister in New York

GMT 09:44 2017 Thursday ,06 July

Want to learn how to go viral?

GMT 15:20 2017 Tuesday ,18 April

'Skinny bundles' step up challenge

GMT 11:09 2017 Monday ,27 November

Hondurans vote as president seeks re-election

GMT 14:52 2018 Friday ,14 December

Michel Aoun meets Rahi in Baabda

GMT 12:58 2018 Thursday ,13 December

21 Daesh militants escape Iraqi jail, most recaptured

GMT 13:48 2018 Friday ,19 October

Increase in Wholesale Price Index in 2018 Q3
 
 Egypt Today Facebook,egypt today facebook  Egypt Today Twitter,egypt today twitter Egypt Today Rss,egypt today rss  Egypt Today Youtube,egypt today youtube  Egypt Today Youtube,egypt today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

egypttoday egypttoday egypttoday egypttoday
egypttoday egypttoday egypttoday
egypttoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
egypttoday, Egypttoday, Egypttoday