“Lee, the third-generation leader of the country’s top conglomerate, was questioned for more than 15 hours by the special prosecutor’s office on Monday. The prosecutor is also seeking the arrest of Samsung Electronics Co Ltd executive Park Sang-jin,” Lee and Park report. “‘We have filed for an arrest warrant for Vice Chairman Lee Jae-yong and President Park Sang-jin today,’ the prosecution office said in a statement, referring to the 48-year-old Samsung Group chief by his Korean name.”
“The prosecution office said the charges the two executives would face included bribery, embezzlement and hiding assets overseas. The prosecution also said it would also bring an additional charge of perjury against for Lee in the latest arrest warrant request,” Lee and Park report. “The special prosecutor has focused on Samsung Group’s relationship with Park, previously accusing Lee in his capacity as Samsung chief of pledging 43 billion won ($38 million) to win support for the 2015 merger of Samsung C&T Corp and Cheil Industries Inc.”
Read more in the full article here.
MacDailyNews Take: Call us crazy, but, for some reason, we doubt that The Republic of Samsung will convict the Vice Chairman and/or President of Samsung Group.
Samsung heir Lee Jae-yong escapes arrest in massive bribery scandal – January 20, 2017
South Korea attempting to handicap Apple by demanding the removal of preinstalled apps like the App Store – July 7, 2016
Korea Fair Trade Commission clears Samsung’s use of standard-essential patents against Apple – February 27, 2014
South Korea, the Republic of Samsung – December 10, 2012
Welcome to South Korea, the ‘Republic of Forgery’ – September 11, 2012
Samsung’s ‘Instinct’ is obviously to make Apple iPhone knockoffs – April 1, 2008