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.
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