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Samsung heir arrested for connection to President Park Geun Hye's scandal

By yckim124   11 days ago   31,954   252   40
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Lee Jae Yong, the Billionaire heir and vice chairman of Korean chaebol Samsung, has been formally arrested.


On the morning of February 17, Seoul court approved the arrest warrant for Lee Jae Yong, the de facto leader of Samsung Group, who's accused of bribery, embezzlement, and perjury. He was arrested with physical detention.


The prosecution suspects Lee to have made $37 million USD in bribes to President Park Geun Hye's friend Choi Soon-Sil in exchange for the backing of a merger between two Samsung groups that would essentially allow the transfer of control of Samsung to Lee Jae Yong. The prosecutors also brought up accusations on Lee of hiding assets abroad and concealing profit gained from criminal acts. 


SEE ALSO: Staff Picks: 5 cool places in New Jersey that will give you a taste of Korea


President Park, who was voted for impeachment in December, and her currently jailed friend Choi Soon-Sil, denied wrongdoings involving the business. Samsung admitted to making the payments but denied they were made for political favors. 




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    Tags:

    1. Buzz
    2. lee jae yong
    3. samsung


    mari8495 10 days ago

    I swear I'm waiting for this drama to come out soon!!! Just a few more years.

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    LordLiar18 10 days ago

    Why am i not even surprised?! And believe me, Samsung is not the only company to do so... But nice catch though!! :)

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    shizun 10 days ago

    Wow, a K-drama developing in front of our eyes. A real life K-drama. I am waiting for the other "characters".

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    Miyaka08 11 days ago

    just curious, is the president still the current president or has she been replaced/thrown out already? sorry i'm not from Korea just curios as to the status of her presidency...

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    lulzbrooks Miyaka08 10 days ago

    The prime minister became the new president. Soon the korean supreme court will decide if she will get impeached or not.

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    Miyaka08 lulzbrooks 8 days ago

    oh i see.. thanks! ☺

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    Mana92 11 days ago

    Wait! No one's gonna comment on the $37 million USD "gift" LOL

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    greenbrick Mana92 10 days ago

    That's not a "gift", probably payments for some "services".

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    cjd 11 days ago

    now we know where kdramas get all their inspirations from

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    KhAS 11 days ago

    His phone must be blowing up right about now

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    pink_oracle KhAS 11 days ago

    Oh you're bad, lol.

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    k_kid KhAS 11 days ago

    savage~

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    michinpabo KhAS 11 days ago

    It would have been funny if he got arrested for battery.

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    itssaleena 11 days ago

    This whole thing is a total mess, but at the end of the day, I'll probably still stick with Samsung. Hope this doesn't delay the release of the Galaxy S8

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    jpnAyelor 11 days ago

    ONe day this will be a great drama. I can already see it in my head lmao

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    itssaleena jpnAyelor 11 days ago

    Lol I thought the same thing. Not sure if that's a good or bad thing.

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    HogooKang jpnAyelor 11 days ago

    This is just something plotted by his evil uncle to take over the family inheritance 😂

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    kurdigirl 11 days ago

    LMAO

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