Sunday, February 19, 2017
News

Arrest warrant against Samsung heir on bribery charges

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

Seoul [South Korea] | February 17, 2017 12:01:13 AM IST
 
A South Korean court on Friday issued an arrest warrant against the heir to the Samsung business empire, country's largest family-controlled conglomerate, on charges of corruption.

Samsung Electronics Vice Chairman Lee Jae-yong is facing bribery charges linked to the corruption scandal that led to the impeachment of President Park Geun-hye.

A judge at the Seoul Central District Court said there was enough justification to issue the warrant for Lee Jae-yong given the newly added criminal charges and newly collected evidences, reports Xinhua.

Lee faced an immediate incarceration at a detention center south of Seoul, where he had been waiting for the announcement made at about 5:40 a.m. local time.

Prosecutors allege that Lee pledged tens of millions of dollars to win favour with President Park Geun-hye and secure government support for a controversial merger that helped tighten his grip on the conglomerate. They are accusing him of bribery, perjury, concealing criminal profits, embezzlement and hiding assets overseas.

Samsung and Lee have denied the allegations.

The merger of Samsung C&T and Cheil Industries was extremely crucial to the Samsung's third-generation leader to inherit the management control from his father Lee Kun-hee who was incapacitated in 2014 for heart attack.

Meanwhile, the warrant to detain Samsung Electronics President Park Sang-jin was denied for his limited authority, position and role in the case. (ANI)

Watch News Videos

 
  LATEST COMMENTS (0)
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
TRENDING TOPICS
 
 
 
CITY NEWS
MORE CITIES
 
MORE WORLD NEWS
No change in Russia's US policy despite ...
US coalition says IS command center dest...
Leftist vies with ex-banker in nail-bite...
Terrorists will be dealt with iron fist:...
Trump a 'pathological liar', says Bernie...
Americans want Democrats to work with Tr...
More...
 
INDIA WORLD ASIA
UP Elections: Over 24 percent voter turn...
UP Polls: Over 38 percent voter turnout ...
Polling starts for third phase in 69 ass...
Food processing sector to generate 9 mn ...
Mongolia agrees economic bailout plan wo...
Mukul Sangma criticises PM Modi says 'wh...
More...    
 
 Top Stories
Australian seamer Starc opts out of... 
Want Alia to sing in reality shows,... 
10 die in Sri Lanka boat capsize... 
51% polling in UP third phase poll... 
California 'weather bomb' pushes no... 
Elvis Presley's grandchildren taken... 
Former Chief Justice of India Altam... 
8th Asian Winter Games open in Sapp... 
 
Weather in Delhi