Samsung family succession hits snag with chief's arrest
A court in South Korea has approved the arrest of Samsung Group’s Lee Jae-yong, the heir apparent to the world’s largest smartphone maker, on allegations of bribery, perjury, and embezzlement, reports Bloomberg. Lee had been held in a detention center following court hearings on claims that Samsung had provided up to 43 billion won ($38 million) in exchange for government favors, particularly around the merger of two Samsung affiliate units. The case was linked to the impeachment of South Korea’s President Park Geun-hye last December. The Seoul Central District Court had initially rejected the request to arrest Lee in January, but reversed its decision after a special prosecutor’s office provided additional evidence. At the parliamentary... Continue reading…
South Korea was taken by surprise Friday with the arrest of the scion of the country's richest family and de-facto leader at Samsung over his alleged involvement in a massive corruption scandal ...
Fri 17 Feb 17 from Phys.org
Samsung family succession hits snag with chief’s arrest, Fri 17 Feb 17 from USA today
Samsung family succession hits snag with chief's arrest, Fri 17 Feb 17 from AP
It's said that bad publicity is better than no publicity, though Samsung might disagree as the latter continues to pile on. Following its Galaxy Note 7 fiasco and the subsequent fire that broke ...
Fri 17 Feb 17 from HotHardware
The case is linked to a scandal that led to the impeachment of President Park Geung-hye.
Fri 17 Feb 17 from BBC Technology
Thu 16 Feb 17 from TechCrunch
Vice chairman of Samsung, Lee Jae-yong, was arrested in Seoul, South Korea on Friday morning local time on charges of bribery, perjury, and embezzlement. Lee was taken into custody at Seoul ...
Thu 16 Feb 17 from Techspot
Prosecutors claim that Samsung paid over $37M in bribes to help facilitate a merger.
Thu 16 Feb 17 from Arstechnica
Vice-chairman of electronics divisions is alleged to have paid $40m to presidential crony Choi Soon-sil but company denies bribery The Samsung heir, Lee Jae-yong, has been formally arrested ...
Thu 16 Feb 17 from Guardian.co.uk
Thu 16 Feb 17 from The Verge