Samsung Group chief to be charged with bribery, embezzlement amid scandal

SEOUL: South Korea’s particular prosecutor’s administrative center stated on Tuesday it is going to price Samsung Group chief Jay Y. Lee and 4 different executives with bribery and embezzlement amid a political scandal that has rocked the rustic.

Samsung Group chief to be charged with bribery
Samsung Group chief to be charged with bribery

Lee used to be arrested on Feb. 17 over his alleged position within the corruption scandal involving impeached President Park Geun-hye, dealing a recent blow to the generation large and standard-bearer for Asia’s fourth-largest financial system.

A Constitutional Court ruling on whether or not to uphold the impeachment, which might lead to South Korea’s first democratically elected chief being thrown out of place of business, is predicted subsequent month.

“The 5 executives will face fees together with bribery, embezzlement and hiding belongings in another country,” stated Lee Kyu-chul, a spokesman for the particular prosecutor, at the remaining day of its investigation.

Lee may also be charged with committing perjury prior to parliament, he added.

The different executives to be charged are Samsung Group vice president Choi Gee-sung, president Chang Choong-ki and Samsung Electronics Co Ltd president Park Sang-jin and government vice chairman Hwang Sung-soo, the spokesman stated.

A Samsung Group spokeswoman declined to remark at the fees.

Lee, the spokesman, stated the case towards President Park would be passed over to common prosecutors with Park final a suspect, whilst signalling different conglomerates may additionally develop into concerned within the investigation.

Park used to be impeached through parliament in December after accusations that she colluded with long-time good friend Choi Soon-sil to drive giant companies, together with Samsung, to donate to two foundations arrange to again the president’s coverage projects.

The particular prosecutor’s administrative center will make an reputable announcement in regards to the conclusion of its investigation on March 6.

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