Samsung's vice chairman likely to face another arrest warrant


The special prosecution team that is looking into the corruption and bribery scandal involving impeached South Korean President Park Geun-hye and Samsung's heir apparent Jay Y. Lee is likely to request another arrest warrant against the latter. Lee avoided going into custody on January 19, as a local court determined that there is no need to detain him as he is already barred from leaving the country while the investigation lasts.

This marks the latest development in a corruption scandal of epic proportions, which resulted in the impeachment of South Korean President Park Geun-hye. For those unfamiliar with the story, Jay Y. Lee, who serves as the de facto head of Samsung Group, allegedly wired about $36 million from Samsung subsidiaries to two foundations set up by President Park's close friend, Choi Soon-sil. Reportedly, the money were paid out to win favor from the country's state pension fund, which supported a merger between two Samsung affiliates in 2015.

The court dismissed the previous request for the arrest of Lee, stating that "it is hard to find a reason, necessity and appropriateness for the arrest at the current stage" and adding that it is still debatable whether the wired money was for any kind of reciprocal favors. An official statement from Samsung also explained that the money transfer wasn't related to the 2015 merger and arguing that the company was coerced into offering the sum.

However, the prosecution team have been active in gathering more evidence to support their case. Hwang Sung-soo, a senior Samsung Electronics executive and vice chairman of the Korea Equestrian Federation, was called in for questioning over Samsung's role in supporting Choi Soon-sil's daughter, Chung Yoo-ra.

The team reportedly gathered circumstantial evidence that Samsung tried to bribe Chung by promising her an expensive new horse, which contrasts the tech giant's claim that it was strong-armed into doing "donations" of any kind. Prosecutors have also summoned President Park Geun-hye for a face-to-face investigation early next month and are hoping that the new information at their disposal will be enough to convince the court to incarcerate Lee.

via SamMobile

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15 Comments

1. piyath

Posts: 2445; Member since: Mar 23, 2012

Trump effect

12. AlikMalix unregistered

Nah let's blame the Russians again. Seems to work for justifying things here in the US.

15. lyndon420

Posts: 6793; Member since: Jul 11, 2012

Fascinating isn't it? Instead of the attention being focused on what those emails contain, it's all about how they were revealed.

2. Plasticsh1t

Posts: 3108; Member since: Sep 01, 2014

#corruption_gate

3. Zylam

Posts: 1817; Member since: Oct 20, 2010

Samsung is so currupt at its core. The worst company to buy any products from. But it's alrite, Death to Apple, nothing else matters. Only Apple brings about destruction and chaos in the world. Samsung's perfect.

4. sissy246

Posts: 7120; Member since: Mar 04, 2015

This is not even tech news. Just like article about Trump is not tech news.

5. Ninetysix

Posts: 2964; Member since: Oct 08, 2012

Yet you enjoy posting in articles about Tim Cook. Hmm... I don't see you posting the same response there.

6. sissy246

Posts: 7120; Member since: Mar 04, 2015

99% of stuff iphonearena post about Tim is tech news. They love to post any and every thing that happens with Samsung tech or not. I have found articles on apple that iphonearena has not posted , but they sure make sure they post everything Samsung. To me it's not tech news to others it may be.

7. Ninetysix

Posts: 2964; Member since: Oct 08, 2012

8. sissy246

Posts: 7120; Member since: Mar 04, 2015

Whatever , we will all never agree. But here some reading for you.http://money.cnn.com/2016/12/15/technology/apple-class-action-meal-breaks/

9. Ninetysix

Posts: 2964; Member since: Oct 08, 2012

OMG! That's the best tech news i've read my entire life. I'll make sure to pass it to all my family, friends, and co-workers.Thank you very much. Shame on you PA for not posting this tech news...

10. sissy246

Posts: 7120; Member since: Mar 04, 2015

You are wrong, its not tech news, that's my point. Just like this is not tech news to me. It's just news.

11. sissy246

Posts: 7120; Member since: Mar 04, 2015

Articles above this one and below are tech news to me. But like I said we are all not always going to agree on everything. Have a good one

13. Ninetysix

Posts: 2964; Member since: Oct 08, 2012

LOL TC sells his stocks or gets a lower salary for the year and you're all over it.

14. sissy246

Posts: 7120; Member since: Mar 04, 2015

But the lower salary did have to do with the iphone not selling as good, so that was tech news. LOL see yeah LOL

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