Samsung Exec Denies All Charges
Jay Y. Lee, the chief of Samsung, pled not guilty in court today. Lee is charged with bribery and embezzlement in a case that has also ensnared South Korea President Park Geun-hye. Lee's lawyers claim the prosecution's case is built on conversations and other evidence that was not witnessed first hand. "It is unclear what kind of order Lee Jae-yong is supposed to have given" regarding the bribes, said Lee's lawyer, Song Wu-cheol. Samsung itself and other executives caught up in the case also denied any wrongdoing. The office for the special prosecutor believes Lee arranged for about $36 million in bribes to be paid to the office of President Park to facilitate certain low-level mergers. Park herself was impeached in December and has no governmental powers pending a review of the case by Korea's Constitutional Court. The prosecutors believe the case against Lee, which they are calling the "trial of the century," will be wrapped up by the end of May.
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