Samsung President Arrested On Corruption Charges

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CHB

The head of the Samsung Group chief Jay Y. Lee was arrested by South Korean court on Friday over accusations of bribery, embezzlement, perjury and other charges in connection to a massive corruption scandal that led to President Park Geun-hye being impeached

After reviewing the prosecution’s case the court ruled early Friday morning that there was enough evidence to arrest and detain Lee, who just weeks earlier was spared by the same court that insisted on stronger evidence.

“Based on the newly gathered criminal charges and evidence, the cause and necessity for arrest has been acknowledged,” said the judge in the case, Han Jeong-suk.

The 48-year-old Samsung’s vice chairman who is the de facto heir to the Samsung empire was taken into custody at the Seoul Detention Center.

According to prosecutors, Samsung paid out 43 billion South Korean won ($37.74 million) to various organizations linked to President Park’s friend, Choi Soon-sil, in an effort to secure the president’s support for the merger of two units of Samsung.

That Samsung money is alleged to have gone to supporting the equestrian aspirations of Choi’s daughter, who is currently is currently under arrest in Denmark on South Korea’s request.

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