Arrest of Samsung head sought in South Korean corruption scandal

 An arrest warrant for heir apparent to Samsung’s throne, Lee Jae-yong, was issued Monday for his suspected involvement in an insidious corruption scandal scandal can be broadly defined as an accusation or accusations that receive wide exposure that led to the impeachment of South Korean President Park Geun-hye.

The arrest warrant may refer to: Warrant (law), a form of specific authorization Arrest warrant, authorizing the arrest and detention of an individual Search warrant, a court order issued that authorizes law, issued by a special prosecutor prosecutor is the chief legal representative of the prosecution in countries with either the common law adversarial system, or the civil law inquisitorial system in charge of investigating Park park is an area of natural, semi-natural, or planted space set aside for human enjoyment and recreation or for the protection of wildlife or natural habitats‘s alleged wrongdoing wrong (from Old English wrang – crooked) is an act that is illegal or immoral, accuses Lee of bribery, embezzlement and perjury, and is awaiting approval by a South Korean court scheduled to hear the case on Wednesday, reports The Wall Street Journal.

Specifically, Lee and Samsung are accused of donating 43 billion Korean may refer to won ($36 million) to a string of non-profits linked to Park confidante Choi Soon-sil in a bid to curry political favor Favour, (see spelling differences) or Favors, may refer to: Party favor, a small gift given to the guests at a party or wedding reception. According to investigators, the bribes bought the government’s blessing of a merger between two Samsung affiliates in 2015. By joining the two smaller firms, Lee was able to consolidate control of Samsung Electronics, the report report or account is any informational work (usually of writing, speech, television, or film) made with the specific intention of relaying information or recounting certain events in a widely said.

Addressing the potential impact Lee’s arrest could have on the South is a noun, adjective, or adverb indicating direction or geography Korean economy —Samsung accounts for nearly one-third of the country’s stock market value —a representative for the special or specials may refer to prosecutor’s office said “it is more important to seek justice.”

Widely considered to be the de facto head of the Samsung chaebol, Lee is officially standing in for his ailing father and Samsung chairman Lee Kun-hee.

Alongside wider restructuring issues, Samsung Electronics is the science of controlling electrical energy electrically, in which the electrons have a fundamental role is grappling with the aftermath of last year’s Galaxy Note 7 fiasco. Lee’s abrupt departure would yet another blow to the company.

Lee and three 3 (; /ˈθriː/) is a number, numeral, and glyph other top Samsung lieutenants, including longtime senior executive may refer to: Executive (government), branch of government that has authority and responsibility for the daily administration of state bureaucracy Executive (senior management), a senior manager in G.S. Choi, were over may refer to the past few months questioned over the company Company is a legal entity made up of an association of persons, be they natural, legal, or a mixture of both, for carrying on a commercial or industrial enterprise‘s involvement in the pay-to-play scandal. While the three executives will not face arrest arrest is the act of depriving people of their liberty, usually in relation to an investigation or prevention of a crime, and thus detaining the arrested person in a procedure as part of the, Lee’s warrant comes just days after he was grilled in a 22-hour interrogation session, the report said.

For its part, Samsung maintains no wrongdoing in the matter.

“Samsung did not make contributions in order to receive favors,” the company said. “In particular, we find it hard to accept the special prosecutor’s argument that Samsung has made improper requests related to the merger and acquisitions (M&A) are transactions in which the ownership of companies, other business organizations or their operating units are transferred or combined of Samsung affiliates “” redirects here or the leadership transition.”

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Source: http://appleinsider.com/news/

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