Korea Won't Arrest Samsung Scion
A court in South Korea today rejected a request to arrest Samsung executive Lee Jae-yong. Prosecutors in a government bribery case wanted Lee held on counts of bribery, embezzlement, and perjury. The Seoul Central District Court didn't provide a reason for rejecting the prosecutor's request. The investigation pertains to a possible $36 million bribe Lee is alleged to have paid Korea President Park Geun-hye in order to facilitate the merger of several Samsung business units. Lee is being groomed to take over the family-run company at some point down the road. His arrest would have put the succession plan in jeopardy.
S. Korean Authorities to Arrest Samsung Heir On Bribery Charges
Prosecutors in South Korea plan to arrest Lee Jae-yong, the heir to Samsung's massive array of businesses. The special prosecutor's office is recommending Lee be charged with bribery, embezzlement and perjury, though the warrant must be approved by a Korean court before it can be served.
Korea Prosecutors Take Second Stab at Samsung Exec
South Korea's special prosecutor's office is taking another run at arresting and charging Samsung executive Jay Y. Lee.
Samsung Exec's Bribery Trial to Start Next Week
Samsung said executive Jay Y. Lee, arrested last month on embezzlement and bribery charges, is scheduled to go on trial as soon as March 9.