SAMSUNG HEIR ARRESTED FOR BRIBERY IN KOREA
February 1st, 2017
The vice chairman of South Korean electronics giant Samsung Jay Y Lee, was arrested on bribery charges last weel (on February 17) and is being held in custody awaiting a decision on his indictment. Lee, the heir to the family business is accused of paying South Korean won KRW43 billion (USD38 million) in bribes to Choi Soon-sil, a confidante of the now-suspended President Park Geun-hye, in return for political favours. Notably Lee secured the go ahead for a merger between two Samsung affiliates in 2015, allowing him to take effective control of the ...
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