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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.

    If you act on pie in the sky, you're likely to get pie in the face.
    • (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!

    This broadcast is intended for mature audiences.
    • (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...