Once again, investigators seek arrest warrant for Samsung heir Lee Jae-yong


Following a 15-hour questioning on Monday, South Korea's special prosecutor's office is once again seeking an arrest warrant against Samsung's de facto leader Lee Jae-yong. This comes a month after the court denied a similar request, spawned by an investigation into one of the biggest political scandals in recent South Korean history, which also led to a vote for the impeachment of President Park Geun-hye.

The scandal, which was uncovered late last year, allegedly involves the pledging of payments by Lee, in his capacity as heir apparent to Samsung Group, to a company and several organizations with ties to a friend of the President, Choi Soon-sil. The bribe, prosecutors claim, was intended to smooth the merger of two Samsung affiliates, Samsung S&T Corp and Cheil Industries Inc. back in 2015. Following massive public outcry and a string of nationwide protests, President Park was stripped of her powers, and is now awaiting the Consitutional Court's final decision on the matter.

While Samsung's day-to-day operations are unlikely to be affected by Lee's arrest, the company could suffer in the long term due to the huge void it would leave in its current leadership, which was one of the reasons the original request for an arrest warrant was thrown out. The corporation recently announced it will disband its corporate strategy office, Samsung Group's main controlling arm, after the investigation concludes, which, too, is likely to negatively affect its business, despite the conglomerate's recent financial successes. The Seoul court will hold a hearing on Thursday to decide whether to grant the prosecutor's request.

source: Reuters

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11 Comments

2. Plasticsh1t

Posts: 3097; Member since: Sep 01, 2014

Bring down the corrupt and expose them.

3. sissy246

Posts: 7065; Member since: Mar 04, 2015

I agree , lock the guy up already. But just because this guy is corrupt doesn't make the whole company corrupt.

4. Skimshaddy

Posts: 126; Member since: Feb 23, 2016

This guy gonna give his Dad another heart attack.

5. AlikMalix unregistered

Techie, your god is bleeding.

9. joey_sfb

Posts: 6794; Member since: Mar 29, 2012

You comment is the reflection of your own insanity. What does buying and using Samsung product equal to Samsung religion worshipping!? If another ABC brand offer a better deal, most sane people would have bought that instead.

12. AlikMalix unregistered

1. You missed the point. 2. Why don't you post that every time one of your flock calls an iPhone user an isheep?

6. Zylam

Posts: 1813; Member since: Oct 20, 2010

Wonder what the comments would have been like if Apple's top brass were corrupt and had the justice department seeking their arrest. But since its Samsung, yea no it's all good. So Samsung's allowed to horde processors and be run by criminals. Should start keeping a list of all the rules Samsung's allowed to break.

7. AlikMalix unregistered

LoL. This article has 7 posts so far, two of which are about the lack of posts about this story. If it was Apple the herd will come grazing for sure. Samsung been sending defective phones to their customers after the first recall, then this? And they call Apple corrupt. The hypocrisy... I can't even....

8. sissy246

Posts: 7065; Member since: Mar 04, 2015

They recalled the phones, thought they fixed the phones. When they realized the phones were not fix they did a permanent recall. What the f**king more could they have done. There is some type of corruption going on in all big companies even Apple. Now , yes lock the guy up and get it over with.

11. androidwindows

Posts: 216; Member since: Oct 04, 2014

Why do you even bother responding to those iTrolls?

10. Sidewinder

Posts: 515; Member since: Jan 15, 2015

This guy reminds me of the cool and handsome Asian corporate business tycoon villain we see in Hollywood movies.

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