Samsung heir arrested in corruption scandal
The heir to the Samsung business empire has been arrested on corruption allegations.
Lee Jae-yong, the de facto leader of South Korea’s biggest conglomerate, has been under investigation as part of the huge political corruption scandal that has rocked the country.
Prosecutors allege that Lee Jae-young pledged tens of millions of dollars to win favor of President Park Geun-hye and secure government support for a controversial merger that helped tighten his grip on the company.
Lee is a vice chairman of Samsung Electronics, the crown jewel in the family’s sprawling array of businesses, was also accused of bribery, perjury, concealing criminal profits, embezzlement and hiding assets overseas.
Meanwhile a judge in Seoul had in the early hours of today, approved a request from prosecutors to obtain an arrest warrant for the accused.