s korea court mulls fresh bid to arrest samsung heir
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

S. Korea court mulls fresh bid to arrest Samsung heir

Arab Today, arab today

Arab Today, arab today S. Korea court mulls fresh bid to arrest Samsung heir

Lee Jae-yong, vice chairman of Samsung Electronics
Seoul - AFP

The scion of South Korean giant Samsung appeared in court Thursday as judges deliberate a second attempt by prosecutors to arrest him over a corruption scandal embroiling impeached President Park Geun-Hye.

Lee Jae-Yong, Samsung Electronics vice chairman, is accused of paying nearly $40 million in bribes to Park's secret confidante to secure policy favours.

The 48-year-old appeared grim-faced as he entered the Seoul courthouse Thursday without answering questions from hordes of reporters as protestors chanted "Arrest him!" nearby, according to television footage.

He avoided being arrested during hearings last month, after the court ruled there was insufficient evidence.

But prosecutors on Tuesday made a second bid for his arrest, saying they have collected more evidence in recent weeks.

Lee, the son of Samsung group chairman Lee Kun-Hee, would face immediate incarceration at a detention centre for those awaiting trial, if the court opts to issue the arrest warrant.

The scandal centres on Choi Soon-Sil, who is accused of using her close ties with Park to force local firms to "donate" nearly $70 million to non-profit foundations which Choi allegedly used for personal gain.

Samsung was the single biggest donor to the foundations. It is also accused of separately giving millions of euros to Choi to bankroll her daughter's equestrian training in Germany.

The court is also deliberating an arrest warrant for another Samsung executive, who is also the head of Korea Equestrian Federation, over bribery charges.

Samsung said in a statement Wednesday it had "not paid bribes nor made improper requests to the president seeking favours".

Lee has effectively taken the helm of Samsung -- South Korea's biggest business group -- since his father suffered a heart attack in 2014.

The group's flagship unit, Samsung Electronics, is the world's largest maker of smartphones.

Prosecutors are probing whether Samsung had paid Choi to secure state approval for the controversial merger of two Samsung units seen as a key step towards ensuring a smooth power transfer to Lee.

The merger in 2015 of Samsung C&T and Cheil Industries was opposed by many investors who said it wilfully undervalued the former unit's shares.

But the deal went through after Seoul's state pension fund -- a major Samsung shareholder -- approved it.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

s korea court mulls fresh bid to arrest samsung heir s korea court mulls fresh bid to arrest samsung heir

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

s korea court mulls fresh bid to arrest samsung heir s korea court mulls fresh bid to arrest samsung heir

 



GMT 21:15 2017 Wednesday ,01 March

Netanyahu denies plans for Palestinian state in Sinai

GMT 13:26 2017 Tuesday ,14 March

Ed Sheeran to star in ‘Game of Thrones’

GMT 18:43 2017 Thursday ,30 March

Bahrain Bourse Daily Trading Performance

GMT 06:13 2017 Sunday ,12 March

Boucheron opens first boutique in Riyadh

GMT 17:16 2017 Monday ,27 March

US-backed forces enter Daesh-held airport

GMT 04:39 2017 Thursday ,26 October

Saudi wealth fund aims to nearly double size by 2020

GMT 18:58 2017 Monday ,25 September

Chevrolet's first 9-speed auto debuts

GMT 11:08 2017 Sunday ,12 March

Najla Badr participate in two series in Ramadan

GMT 09:01 2017 Thursday ,05 October

Sarin used in Syria 5 days before Khan Sheikhun

GMT 07:37 2017 Thursday ,16 November

Subaru recalls 400,000 cars in Japan

GMT 23:02 2018 Thursday ,13 December

Aoun meets UN Special Coordinator

GMT 10:42 2018 Thursday ,29 November

Zurabishvili wins presidential election in Georgia

GMT 04:11 2017 Wednesday ,11 January

Obama issues call to arms in final address

GMT 08:57 2018 Friday ,19 January

2 Koreas in talks on Winter Olympics athletes

GMT 09:20 2018 Tuesday ,16 January

Strikes as Greece adopts industrial action revamp

GMT 15:01 2016 Monday ,25 January

Bacha Khan University reopens after suicide attack

GMT 08:03 2017 Wednesday ,27 December

Oil prices close at 2-1/2 year peak

GMT 12:10 2017 Wednesday ,11 January

France blocks sale of rare Da Vinci 'Saint Sebastian'

GMT 19:13 2017 Saturday ,15 July

UAE tops Arab countries for FDIs in 2016

GMT 09:57 2017 Monday ,04 September

United kingdom will not be pressured
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday