Monday January 16, 2017

South Korea Prosecutor Seeks Arrest of Samsung Chief for Bribery

You would have figured that these guys at Samsung made enough money after selling all the SSDs, TVs, Phones (minus the ones that explode), and a gaggle of other things, to not have to worry about bribery and corruption. Maybe not.

South Korea's special prosecutor on Monday sought a warrant to arrest the head of Samsung Group [SAGR.UL], the country's largest conglomerate, accusing him of paying multi-million dollar bribes to a friend of President Park Geun-hye.

Investigators had grilled Samsung Group chief Jay Y. Lee for 22 straight hours last week as a suspect in a corruption scandal, which last month led to parliament impeaching Park.