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posted by cmn32480 on Friday February 17, @03:48PM   Printer-friendly
from the putting-the-money-back-in-politics dept.

Samsung's heir apparent Lee Jae-yong has been placed under arrest in South Korea, accused of bribery and other charges. The case is linked to a scandal that led to the impeachment of President Park Geung-hye.

Samsung is accused of giving donations to non-profit foundations operated by Choi Soon-sil, a friend of Ms Park, in exchange for government favours. Mr Lee and the Samsung Group deny any wrongdoing.

[...] Prosecutors accused Mr Lee of giving donations worth 41bn won ($36m;£29m) to organisations linked to Ms Park's close friend Ms Choi. They alleged this was done to win government support for a big restructuring of Samsung that would help a smooth leadership transition in favour of Mr Lee, who is standing in as chairman for his ill father, Lee Kun-hee.

The controversial merger required support from the national pension fund - the allegation is that this support was granted in return for the donations.

Source: BBC

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  • (Score: 4, Funny) by Thexalon on Friday February 17, @04:00PM

    by Thexalon (636) Subscriber Badge on Friday February 17, @04:00PM (#468236) Homepage

    I'm glad they're putting a stop to this potentially explosive situation. I'm sure he'll be fired soon if he's not careful.

    In Capitalist America, ads view you!
    • (Score: 2) by DeathMonkey on Friday February 17, @06:31PM

      by DeathMonkey (1380) Subscriber Badge on Friday February 17, @06:31PM (#468297) Journal

      The arrest does not reflect a court opinion on guilt or innocence but only means it considers the potential crime very serious or that it assumes a flight risk.

      Wait....they're allowed on planes again?

  • (Score: 2) by Runaway1956 on Friday February 17, @04:05PM

    by Runaway1956 (2926) Subscriber Badge on Friday February 17, @04:05PM (#468240) Journal

    Samsung isn't a pharmaceutical company! They are certainly not a Monsanto!

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    • (Score: 0) by Anonymous Coward on Friday February 17, @04:31PM

      by Anonymous Coward on Friday February 17, @04:31PM (#468255)

      These Koreans are stuck in the past, trading money for influence is old school corruption, boring stuff.

      Get with the program--Trump now accused of trading national policy ("One China") for trademark rights in China. This link includes links to some major media outlets-- []

      • (Score: 1, Funny) by Anonymous Coward on Friday February 17, @05:32PM

        by Anonymous Coward on Friday February 17, @05:32PM (#468267)

        If more domain names were so honest...