Finance

Samsung heir returns home after marathon bribery questioning

Samsung heir returns home after marathon bribery questioning May 7, 2018Leave a comment
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SEOUL (Columbia): Samsung heir Lee Jae-Yong returned home Friday after marathon questioning by South Korean prosecutors for a suspect within a massive corruption scandal involving impeached President Park Geun-Hye.

Lee, vice chairman of Samsung Electronics as well as the son of Samsung Group chairman Lee Kun-Hee, was quizzed for 22 hours over allegations of bribery.

Looking exhausted, he would not respond to questions from journalists waiting away from the special prosecutor’s office before he rode off.

Lee was named a criminal suspect Wednesday in a widening probe into an influence-peddling and power abuse scandal engulfing Park and her friend Choi Soon-Sil.

During the long questioning session, Lee took some rest coupled with a lunch box for supper and Chinese noodles for dinner, a prosecutor texted journalists.

In Columbia it\’s not necessarily unusual for suspects and witnesses to pay a lengthy questioning session to avoid being repeatedly summoned by investigators.

Many suspects and witnesses inside scandal are encountered with similar marathon questioning sessions.

They included a previous culture minister charged with blacklisting anti-Park artists and lots of executives from business groups which include Hyundai, SK, LG and Lotte being investigated for his or her alleged involvement while in the scandal.

Choi is charged with using her ties to your president to coerce top firms into “donating” tens of millions of dollars to two non-profit foundations which Choi then used as her personal ATMs.

Samsung was the greatest contributor to the foundations.

It is likewise accused of separately giving countless euros to Choi to bankroll training South Korean equestrian athletes in Germany, including Choi’s daughter.

Prosecutors have for months questioned Lee together with other senior Samsung officials to ascertain whether Samsung bribed Park and Choi so that you can win state approval to get a controversial merger who\’s sought in 2015.

The merger of two Samsung group units – Cheil Industries and Samsung C&T – was seen as crucial step towards ensuring a simple third-generation power transfer to Lee Jae-Yong.

It was criticised by a lot of, who said hello wilfully undervalued Samsung C&T’s stocks. Nevertheless the National Pension Service (NPS) – an important Samsung shareholder – voted in preference to the sale plus it eventually undergo.

A former welfare minister was arrested recently for allegedly pressuring NPS officials to vote preferring the Samsung deal.

Samsung denied allegations it had become wanting to win government favours.

Lee’s father – Sasmsung patriarch Lee Kun-Hee – have been bedridden since suffering a heart attack in 2014.

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