Samsung chief arrested in South Korean corruption probe
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9 months ago

Samsung chief arrested in South Korean corruption probe

SEOUL (Reuters) - Samsung Group chief Jay Y. Lee was arrested on Friday over his alleged role in a corruption scandal rocking the highest levels of power in South Korea, dealing a fresh blow to the technology giant and standard-bearer for Asias fourth-largest economy.The special prosecutors office accuses Lee of bribing a close friend of President Park Geun-hye to gain government favors related to leadership succession at the conglomerate. It said on Friday it will indict him on charges including bribery, embezzlement, hiding assets overseas and perjury.The 48-year-old Lee, scion of the countrys richest family, was taken into custody at the Seoul Detention Centre early on Friday after waiting there overnight for the decision. He was being held in a single cell with a TV and desk, a jail official said.Lee is a suspect in an influence-peddling scandal that led parliament to impeach Park in December, a decision that if upheld by the Constitutional Court would make her the countrys first democratically elected leader forced from office.Samsung and Lee have denied wrongdoing in the case.Prosecutors have up to 10 days to indict Lee, Samsungs third-generation leader, although they can seek an extension. After indictment, a court would be required to make its first ruling within three months.Prosecutors plan to question Lee again on Saturday.No decision had been made on whether Lees arrest would be contested or whether bail would be sought, a spokeswoman for Samsung Group said.We will do our best to ensure that the truth is revealed in future court proceedings, the Samsung Group said in a brief statement after Lees arrest.The same court had rejected a request last month to arrest Lee, but prosecutors this week brought additional accusations against him.We acknowledge the cause and necessity of the arrest, a judge said in his ruling.

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