Showing posts with label bribery. Show all posts
Showing posts with label bribery. Show all posts

19 January 2017

S. Koreans' ties with Samsung are lifelong, often conflicted

In this Wednesday, Jan. 18, 2017, photo, Lee Jae-yong, center, a vice chairman of Samsung Electronics Co. arrives for the hearing at the Seoul Central District Court in Seoul, South Korea. Many South Koreans were shocked at the sight of Lee being dragged into custody and then released when a court declined to formally arrest him. Its quite difficult for outsiders to fully grasp how Samsung is inextricably woven into the psychological fabric of this small, proud country.
The family smartphones? An assortment of Samsung Galaxies. The flat-screen TV that illuminates the living room? A Samsung SUHD, with the brand name sparkling on the nameplate. The maker of the digital toilet seat? You guessed it: Samsung.
It's difficult for people outside South Korea to fully grasp what Samsung, a truly global brand, means inside its home country, where it is far more than just another big company. It is seen variously as both a talisman and a millstone, as national savior and greedy business behemoth. Those diverse views only intensified Thursday when a court rejected prosecutors' request to arrest Samsung heir and Vice Chairman Lee Jae-yong in the corruption scandal surrounding impeached South Korean President Park Geun-hye.

Court denies a request to arrest Samsung's de facto head

Lee Jae-yong, a vice chairman of Samsung Electronics Co. gets into a car as he leaves after waiting for the court's decision in front of a detention center in Uiwang, South Korea, Thursday, Jan. 19, 2017. A Seoul court denied a request to arrest Samsung Electronics Vice Chairman Lee Jae-yong, allowing Lee to return home, a setback to prosecutors investigating an influence-peddling scandal that toppled South Korea's president.
A Seoul court on Thursday denied a request to arrest one of South Korea's most powerful men, the heir to the Samsung Electronics juggernaut, in a setback to prosecutors investigating an influence-peddling scandal that toppled South Korea's president.
The Seoul Central District Court said that a judge concluded that there was not enough justification to detain the 48-year-old billionaire Samsung vice chairman, Lee Jae-yong, at this stage.

16 January 2017

South Korea seeks arrest of Samsung scion in graft scandal

In this Dec, 6, 2016 file photo, Lee Jae-yong, a vice chairman of Samsung Electronics Co. arrives for hearing at the National Assembly in Seoul, South Korea. The special prosecutors office said Monday, Jan. 16, 2017 that it requested an arrest warrant for Lee, the 48-year-old Samsung Electronics vice chairman as a bribery suspect in the influence-peddling scandal that led to the impeachment of South Korea's president.
In a departure from the leniency typically given South Korean big businesses, prosecutors on Monday requested the arrest of the de facto head of Samsung Electronics, the country's most valuable company, in an influence-peddling scandal that has toppled the country's president.
Lee Jae-yong, the 48-year-old vice chairman at Samsung Electronics, faces allegations of embezzlement, of lying under oath during a parliamentary hearing and of offering a bribe of 43 billion won ($36 million) to a long-time friend of impeached President Park Geun-hye, according to Lee Kyu-chul, a spokesman for a special prosecutors' team investigating the political scandal.