Samsung Executive to Be Charged with Bribery
The special prosecutor's office in South Korea today said it will charge Samsung Executive Jay Y. Lee in a bribery case that has shaken the country. Lee isn't standing alone, however, as the special prosecutor is eying four other Samsung executives. "The five executives will face charges including bribery, embezzlement and hiding assets overseas," said Lee Kyu-chul, a spokesperson for the prosecutor's office. Samsung's Lee was arrested earlier this month on the charges. The case also involves President Park Geun-hye, who was impeached by the Korean government in December 2016. Lee and others are alleged to have paid Park to help facilitate certain business dealings. One March 6, the special prosecutor plans to make an announcement regarding its investigation into President Park. Samsung SDI, the company's memory and business, today named Jun Young-hyun as CEO. Jun will be officially appointed next month.
Jan 16, 2017
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.
Mar 9, 2017
Jay Y. Lee, the chief of Samsung, pled not guilty in court today.
Mar 3, 2017
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.
Feb 14, 2017
South Korea's special prosecutor's office is taking another run at arresting and charging Samsung executive Jay Y. Lee.