South Korean prosecutors seek the arrest of Samsung's Vice Chairman

South Korean prosecutors seek the arrest of Samsung's Vice Chairman
Today, the bad news for Samsung doesn't deal with a particular device like the Samsung Galaxy Note 7. Instead, it appears that South Korean authorities are looking to arrest Samsung Vice-Chairman Jay Y. Lee. The latter is the only son of Samsung chairman Lee Kun-hee, who has been sidelined since suffering a heart attack in 2014. If the arrest takes place, it could lead to some confusion at Samsung over who will be running the company. It also could force changes in Samsung's succession plans.

Jay Y. Lee allegedly had the equivalent of $36 million wired from Samsung subsidiaries to accounts belonging to the family of Choi Soon-sil, a confidante to South Korean President Park Geun-hye. Money was also said to be wired into a pair of foundations run by Ms. Choi. The payouts were supposedly made so that South Korea's president could help smooth over the father-to-son transfer of Samsung's ownership.

Special prosecutor Park Young-soo said that the money represented a bribe by Samsung, and some of the funds were embezzled by Mr. Jay. His dad, Samsung's current chairman, was convicted in 1996 of bribery; in 2009 he was convicted of tax evasion and breach of trust. Both times he was not arrested, and his convictions were erased with a presidential pardon allowing him to return to Samsung. Thus, an arrest of Mr. Jay would represent a change in what the South Korean government is willing to put up with when it comes to business as usual.

Samsung issued a statement today denying that it paid bribes or asked for special consideration from South Korea's president. The company is the largest manufacturer of smartphones in the world.

source: NYTimes

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44 Comments

1. trojan_horse

Posts: 5868; Member since: May 06, 2016

Samsung's Chaebol problems are going over the roof!

2. trojan_horse

Posts: 5868; Member since: May 06, 2016

"Samsung issued a statement today denying that it paid bribes or asked for special consideration from South Korea's president." Wow, I see Samsung's issues aren't only the family ones... bribing for special consideration from the South Korean president??? I hope it's false... for Galaxy's sake!!!

5. Tech-shake

Posts: 213; Member since: Nov 14, 2016

Honestly I don't think it is false news, I live in a country that is run similarly to how the Korean government is run. Basically any family with enough money and publicity, gets away with anything they want. Oh and also the ones who report such crimes are either people who didn't get money from the deal, or honest people that will be silenced later one way or another.

25. ibend

Posts: 6747; Member since: Sep 30, 2014

btw, why is this news even here? it's not mobile phone news or even tech news :v

3. Martin_Cooper

Posts: 1774; Member since: Jul 30, 2013

1. Caught paying users to give them fake positive reviews. 2. Caught having unsafe factories where people got cancer etc. 3. Caught trying to cover up a defect Note 7, had to recall it twice just to admit they f--ked badly. 4. Caught having defect wash machines that exploded. 5. Caught bribing the president of South Korea. What more to say..

6. Mxyzptlk unregistered

They're going to arrest tedkord.

8. Plasticsh1t

Posts: 3106; Member since: Sep 01, 2014

Don't forget about Techie and Trojan horse and hallyu.

14. trojan_horse

Posts: 5868; Member since: May 06, 2016

Aren't you the one who usually accuses me of dick-riding other users when I agree with their comments? Now you're dick-riding Mxyzptlk... hypocrite.

15. Plasticsh1t

Posts: 3106; Member since: Sep 01, 2014

https://imgur.com/gallery/8vXZdGM Here's a little present for you. Now cry yourself to sleep.

17. trojan_horse

Posts: 5868; Member since: May 06, 2016

Now you attempt to deflect... I've called you out on your irrationality, claiming that agreeing with another one's comment is "dick-riding" -- you clearly have no clue on what the term "dick-riding" actually means. Apply your butthurt cream to yourself, as you're the one getting called out, not me.

20. Plasticsh1t

Posts: 3106; Member since: Sep 01, 2014

The pain is real. Call me if you need extra cream.

29. NoToFanboys

Posts: 3231; Member since: Oct 03, 2015

Notorious Samsung fanboy vs Notorious Samsung hater. This is entertaining, keep going guys!

40. tedkord

Posts: 17356; Member since: Jun 17, 2009

It won't affect me in the least, anymore than Apple price fixing or Steve Jobs perjury affected you. I will continue to buy the best device available to me at the time device to upgrade. Like I did with the Note 4, Note 5 and Note 7.

16. razmahtaz001

Posts: 501; Member since: May 11, 2013

apple caught having iphones killing people, i would definetely buy an exploding phone that doesnt kill over an iphone that kills LOL factories that manufactures iphones had reports of safety hazard and overworking employees...BBC News (isheeps and non isheeps knows about this news LOL) apple paying consumer report to upgrade "do not buy" to "buy" (isheeps and non isheeps knows about this news LOL) apple caught using the swiss clock symbol (isheeps and non-isheeps know about this news LOL) apple tried to prevent a philippine and mexican company from using the word iphone was denied LOL (both companies used the word iphone way before apple used/trademarked it) apples e-book scandal LOL tax evation LOL apple: i pay you as little as possible for license fee, but i will charge as much as possible for my license fee LOL misleading warranty claims LOL Planned obsolescence: Apple has often been accused of planned obsolescence – the idea that it deliberately manufactures its devices so that they seem obsolete before this is the case, typically with the intent of selling a 'new and improved' version.[167][168][169][170][171] A class action lawsuit alleging planned obsolescence in the iOS 9 update was filed in New York state in December 2015.[172][173] An online petition created by consumer group SumOfUs in July 2016 accused Apple of "sabotaging" devices with software upgrades designed to slow down older models.[174][175] Another SumOfUs petition that reached over 300.000 signees in September 2016 also accuses Apple of planned obsolescence by removing the standard headphone jack in the iPhone 7.[176][177] According to cyber forensic expert Simon Smith there is "definitely" planned obsolescence in iPhone software - such as an imposed rule in iOS 9 that prevented applications in older phones from accessing external websites – a vital function.[167] and much much more... by the way, we (apple) will copy samsung and use amoled screens as well as curved screens...and ofcourse, our i-pencil to rival the s-pen LOL

18. kiko007

Posts: 7493; Member since: Feb 17, 2016

You have the writing capabilities of an elementary schooler. Work on that before writing a thesis in a phone forum.

21. sissy246

Posts: 7111; Member since: Mar 04, 2015

"Work on that before writing a thesis in a phone forum" He can write how ever he want in this phone forum. We're in the rules does it say he can't.

37. sissy246

Posts: 7111; Member since: Mar 04, 2015

Edit Wants Where

44. Fellwalker

Posts: 538; Member since: Apr 04, 2014

Talking of elementary school children (which is I think what you meant by "schooler") . I passed an apple store this morning. There inside was a class of 6 or 7 year old kids in bright blue T shirts emblazoned with the apple logo, being shown how iphones and ipads work. Pity their poor parents. Is this apple bribery?

19. Martin_Cooper

Posts: 1774; Member since: Jul 30, 2013

- iPhones killing people? Please show me one verified report of that. I have heard various reports of iPhones on fire mostly cause of misuse and bad chargers. - Apple DOES NOT own any factories in China, Samsung was accused and found guilty for having workers in ITS OWN factories getting cancer and other horrible diseases. Just google samsung cancer workers. - Do you have any serious proof of Apple paying consumer reports? ALL MY points have proof as samsung has either admitted or have been found guilty by courts on ALL OF MY points, not speculations like yours. - True apple was caught using the trademarked swiss clock graphics. WHICH IS HORRIBLE AS HORRIBLE as having people get cancer right? - Its bad for a company to protect its trademarks, IP's, patents? LOL. - True Apple f**ked up with the books scandal. - Tax evasion? Its been accused by EU, have not been found guilty by a court, yet. So nope that point isn't a point yet. - Yes Apple can pay as much as they like to a supplier if that supplier agrees. Thats how business is done. - Misleading warranty claims? When where? Apple has some of the best support out there if you happen to have an Apple store in your area. - Accused? WOW! So again you use accusations as facts? VS court decisions? Damn I hope you aint a lawyer you would have no job. So lets summarize. From ALL of your accusations only 2 have been found true in real life VS all of mine that have been true? NICE!

22. sissy246

Posts: 7111; Member since: Mar 04, 2015

"iPhones killing people? Please show me one verified report of that." http://metro.co.uk/2016/02/04/man-dies-in-house-fire-after-iphone-overheated-while-on-charge-5663103/

23. Ninetysix

Posts: 2964; Member since: Oct 08, 2012

LOL..i sure hope you read the whole thing.

32. NoToFanboys

Posts: 3231; Member since: Oct 03, 2015

Above is Samsung hater vs Samsung fanboy, and here it's Apple haters vs Apple fanboys. This article is very entertaining indeed! Keep going guys!

38. sissy246

Posts: 7111; Member since: Mar 04, 2015

The phone over heated and cought fire. It's just apple covering up responsible once more.

26. ctdog4748

Posts: 797; Member since: Mar 05, 2016

Never let it be said you Sammy fans willl let a little thing like facts get in your way. Try having someone read the article to you, then report back.

43. tedkord

Posts: 17356; Member since: Jun 17, 2009

Have I introduced you to kettle?

34. AlikMalix unregistered

Did you read the whole thing? .."No faults were found in either the phone or the charger"... Anything else?

39. RebelwithoutaClue unregistered

While Apple doesn't own their own factories, that doesn't mean they aren't responsible for the working conditions of such factories when partnerships are so tight. Apple (and many other companies) know 100% what the working conditions are at those factories and companies only care when it has an impact on their image. While it hasn't been found guilty yet on the tax evasion, it's not ethical at all how Apple uses tax avoidance. Granted most big conglomerates use certain tax avoidance loopholes, but Apple went a step further. Perhaps there is no proof of paying consumer reports, it's a well known fact Apple has its own means of influencing the media. Like banning tech sites/magazine from further Apple events when they are too negative on Apple. About the misleading warranty claims, that might be a European thing where warranty (on smartphones) already is 2 years by EU law. In many countries (like my own) Apple employees (and Apple retailers) failed to mention this and tried to push their AppleCare onto buyers. They went as far to tell consumers they only had 1 year of factory warranty and failed to mention the 2-year seller warranty. In the end... all conglomerates have no trouble breaking or bending the law, some are better at hiding it or finding loopholes to make it 'legal'. But all are 'evil' and to think otherwise is just naieve.

27. HugoBarraCyanogenmod

Posts: 1412; Member since: Jul 06, 2014

Watching this political turmoil in Korea makes me feel grateful for electing the right President #lockherup

41. tedkord

Posts: 17356; Member since: Jun 17, 2009

You think that's turmoil, wait until this mental midget takes office in a few days. President Putin thanks you.

30. NoToFanboys

Posts: 3231; Member since: Oct 03, 2015

OMG a huge company is doing evil practices SO SHOCKING. /s

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