SamMobile has affiliate and sponsored partnerships. If you buy something through one of these links, we may earn a commission.

News For You
News For You
Notifications

Additional evidence secured against Samsung heir as court to decide on arrest tomorrow

Business
By 

Last updated: February 15th, 2017 at 13:29 UTC+01:00

We've been closely following all of the developments linked to Samsung's alleged role in South Korea's influence-peddling scandal that has led to the impeachment of the country's president. Samsung allegedly paid bribes worth more than $35 million to organizations and foundations controlled by a close personal friend of the president in order to win the government's backing for a controversial merger between two of its affiliates.

Samsung Electronics vice chairman and heir apparent of the conglomerate Lee Jae-yong has denied the allegations of bribery. The country's special prosecutor's office tried seeking an arrest warrant for him last month but the request was refused by a Seoul court as it did not see any reason to legally detain the Samsung leader who is already barred from leaving the country. Lee Jae-yong was questioned once again by prosecutors for more than 15 hours earlier this week and they've submitted a second request for an arrest warrant.

The prosecutor's office has said that additional evidence against Lee Jae-yong has been secured and that the charges against him have been expanded to include hiding the proceeds of a criminal act. A Seoul court is now going to decide tomorrow whether or not an arrest warrant is to be issued for the Samsung heir apparent.

Via Business Lee Jae-yong
Galaxy AI summarized

Scroll for more related content
News For You

You might also like

Samsung boss is the only Korean business person to get this unique honor

Samsung boss is the only Korean business person to get this unique honor

Much ink has been used to write about Samsung's outsized influence on South Korea's economy. Yet, despite the various observations and controversies surrounding the country's most valuable conglomerate, it's also the only one with a truly global presence that's recognized for its immense potential. Case in point, the list of 100 most influential people in […]

  • By Adnan Farooqui
  • 1 month ago
Prosecutors want Samsung boss sent to jail for 5 years

Prosecutors want Samsung boss sent to jail for 5 years

Samsung Electronics Chairman Jay Y. Lee has been in and out of prison over different charges, including an 18-month stint behind bars in 2021. One of the more significant charges against him allege market irregularities in the merger that saw the Lee family solidify their control over the Samsung conglomerate. A court in verdict had […]

  • By Adnan Farooqui
  • 1 month ago
Samsung chief angry at mobile division for copying Apple’s design

Samsung chief angry at mobile division for copying Apple’s design

Last month, Samsung unveiled its new foldable phones, smartwatches, and wireless earbuds. After the announcement, several people started mocking Samsung and accused it of copying Apple's design language with the Galaxy Buds 3 and the Galaxy Watch Ultra, which reportedly made Samsung's chief angry at the mobile division for plagiarism. Samsung chief Lee reportedly got […]

  • By Asif Iqbal Shaik
  • 5 months ago
Samsung, Hyundai, Tesla bosses to meet during Paris Olympics

Samsung, Hyundai, Tesla bosses to meet during Paris Olympics

According to a new report from The Chosun Daily, the Chairman of Samsung Electronics, Lee Jae-Yong, the Chairman of Hyundai Motor Group, Chung Eui-Sun, and the CEO of Tesla Motors, Elon Musk, are going to meet for dinner this weekend in Paris. Reportedly, the bosses of the three companies are visiting France during the 2024 […]

  • By Abid Iqbal Shaik
  • 5 months ago
Samsung boss attends Paris Olympics for networking and national support

Samsung boss attends Paris Olympics for networking and national support

It was reported last week that Samsung Electronics Chairman Jay Y. Lee might visit Paris to attend the 2024 Olympics where he would network with other business leaders and also support the South Korean athletes. Lee arrived in Paris last Wednesday and has since taken part in a number of high-level business meetings. This is […]

  • By Adnan Farooqui
  • 5 months ago
Samsung boss to visit Paris Olympics for promoting new devices

Samsung boss to visit Paris Olympics for promoting new devices

Samsung Electronics is a longstanding sponsor of the Olympics. It aligned the second Unpacked event of this year along with the games in Paris this year, unveiling new foldables, new smartwatches, earbuds, and the Galaxy Ring at the event on July 10. With the Olympics due to kick off this week, Samsung Electronics Chairman Jay […]

  • By Adnan Farooqui
  • 5 months ago