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
(Score: 2) by Runaway1956 on Friday February 17 2017, @04:05PM
Samsung isn't a pharmaceutical company! They are certainly not a Monsanto!
(Score: 0) by Anonymous Coward on Friday February 17 2017, @04:31PM
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--
http://hotair.com/archives/2017/02/16/after-10-year-court-battle-trump-finally-lands-valuable-construction-trademark-in-china/ [hotair.com]
(Score: 1, Funny) by Anonymous Coward on Friday February 17 2017, @05:32PM
If more domain names were so honest...