The vice-president of the Samsung, Jay Y Lee, is facing allegations of bribery, perjury and embezzlement having been formally arrested today (17 February).
He is accused of promising as much as £30.4m to a friend of South Korean President Park Geun-hye in exchange for government support of his succession to control the conglomerate founded by his grandfather.
The Seoul Central District Court issued the warrant for his arrest, saying there was a risk of him destroying evidence or fleeing the country.
The police also tried to obtain an arrest wanted for Samsung Electronics President Park Sang-Jin. However, it was denied and Read full story ›
Source: The Drum
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