Samsung chief Jay Y Lee arrested in corruption scandal

samsung-chief-jay-y-leeSamsung vice chairman/heir Jay Y. Lee has been arrested on Friday, over his alleged role in a corruption scandal that led parliament to impeach President Park Geun-hye, reported Reuters. The Seoul Central District Court also rejected a request to issue an arrest warrant for Samsung Electronics Co Ltd. President Park Sang-jin, who also heads the Korea Equestrian Federation. The 48-year-old Lee, Samsung’s vice chairman, was taken into custody at the Seoul Detention Center, where he had awaited the court’s decision following a day-long closed-door hearing that ended on Thursday evening.
The same court rejected a request from prosecutors last month to arrest Lee. On Tuesday, the special prosecutor’s office had again requested a warrant to arrest Lee on bribery and other charges again. The prosecution said it had secured additional evidence and brought more charges against Lee, the group’s third-generation leader, in the latest warrant request. Lee’s father, Samsung group patriarch Lee Kun-hee, was incapacitated by a 2014 heart attack. “We acknowledge the cause and necessity of the arrest,” a judge said in his ruling, citing additional allegations and evidence. A spokeswoman for Samsung – the world’s biggest maker of smartphones – did not have immediate comment on the arrest. The group and Lee have denied wrongdoing in the case. Prosecutors accused Samsung of paying bribes totalling 43 billion won ($37.74 million) to organisations linked to Park’s friend, Choi Soon-sil, to secure the government’s backing for a merger of two Samsung units.

Filed in: Mobile World, Telecom News, World News Tags: , ,

You might like:

Reliance Independent TV suspends operations Reliance Independent TV suspends operations
BSNL to cut 30% Contractual jobs BSNL to cut 30% Contractual jobs
BSNL launches Abhinandan 151 plan BSNL launches Abhinandan 151 plan
NCLT declares Reliance Communications bankrupt NCLT declares Reliance Communications bankrupt

Leave a Reply

Submit Comment
© 2020 Telecom News. All rights reserved. XHTML / CSS Valid.
Proudly designed by eShala.