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

By yckim124   Thursday, February 16, 2017   32,256   259   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: The top 10 foreign cities that South Koreans visited the most in 2016 revealed


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 Friday, February 17, 2017

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

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    LordLiar18 Friday, February 17, 2017

    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 Friday, February 17, 2017

    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 Friday, February 17, 2017

    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 Friday, February 17, 2017

    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 Sunday, February 19, 2017

    oh i see.. thanks! ☺

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    Mana92 Thursday, February 16, 2017

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

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    greenbrick Mana92 Friday, February 17, 2017

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

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    cjd Thursday, February 16, 2017

    now we know where kdramas get all their inspirations from

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    KhAS Thursday, February 16, 2017

    His phone must be blowing up right about now

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    pink_oracle KhAS Thursday, February 16, 2017

    Oh you're bad, lol.

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    k_kid KhAS Thursday, February 16, 2017

    savage~

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    michinpabo KhAS Friday, February 17, 2017

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

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    itssaleena Thursday, February 16, 2017

    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 Thursday, February 16, 2017

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

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    itssaleena jpnAyelor Thursday, February 16, 2017

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

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    HogooKang jpnAyelor Thursday, February 16, 2017

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

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    kurdigirl Thursday, February 16, 2017

    LMAO

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