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Korea Won't Arrest Samsung Scion

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Jan 18, 2017, 3:35 PM by Eric M. Zeman

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.

Reuters »

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