Tuesday, February 28, 2017
2008 Redux- Samsung heir will be indicted for bribery, embezzlement, perjury, and hiding criminal profits - The Verge
"Samsung's heir apparent, Lee Jae-yong, will be indicted on multiple charges including bribery and perjury in his native South Korea, The Wall Street Journal and Bloomberg report. The country's special prosecutor plans to indict Lee along with another four executives, a spokesperson for the body told reporters on Tuesday, in relation to bribes allegedly given to the South Korean government in exchange for favors.
Lee faces formal charges of bribery, perjury, embezzlement, hiding assets abroad, and concealing profit from criminal acts. He was arrested earlier this month following claims that Samsung paid 43 billion won ($38 million) to secure government support of a huge corporate merger in 2015. Money was allegedly directed from Samsung to companies controlled by a close friend of South Korean president Park Geun-hye. President Park herself was impeached last December after a corruption scandal that gripped the country."
Samsung heir will be indicted for bribery, embezzlement, perjury, and hiding criminal profits - The Verge