Monday, January 16, 2017

[South korea] arrest Warrant requested against the heir of Samsung, who is suspected of corruption – Le Journal du Geek

No rest for the chaebol of south korea, after the crash of the Galaxy Note 7, pushing the group to stop its production, ” behold the heir of the group and vice-president of Samsung Electronics, Lee Jae-Yong, who is suspected of corruption.

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For several weeks, South Korea was shaken by a resounding corruption scandal centered on the friend and confidante of the shadow of president Park Geun-Hye, Choi Soon-Sil. A scandal that led to his impeachment, voted last December by the Parliament. Choi Soon-Sil is accused of having benefited from the largesse of the president and took advantage of this relationship to extract a lot of money to the conglomerates Korean profit foundations, created by his care.

Corruption at the top of the State

It is in this context that the investigators working on the case have called for the arrest of Lee Jae-Yong, son of the president of the group, Lee Kun-Hee, “withdrawal for health reasons, ” said The World. Considered ” suspect ” by the office of the special prosecutor, Lee Jae-Yong had had an examination marathon of 22 hours, during which it had denied part of the facts alleged against him and had admitted others. The team of investigators has finally decided to issue an arrest warrant against him. Mr. Lee is suspected of having approved these payments to curry favor with the government. In exchange, it would have supported Samsung in a proposed merger potentially contentious between the two entities of the group (Cheil Industries and C&T) in 2015.

Generous pots of wine

Samsung-arrest-corruption

Samsung is the company that has proved the most generous to Mrs Choi in the rewarding the 43 billion won, equal to 34.2 million euros. In total, 52 groups have contributed approximately 62.5 million euros of jars of wine to the different foundation of Ms. Choi, nicknamed now the ” Rasputin south-Korean “. Last December, Lee Jae-yong had recognized the payment of nearly 6 million euros, but was justified by the policy of sponsoring the group. This is an arrest that falls at a worse time for the manufacturer, a week after the announcement of the results of the group, in spite of a year 2016 is marked by the trials and tribulations surrounding the Galaxy Note 7.

52 groups involved

Samsung is the first conglomerate of the country : its sales represent 20 % of the GDP of South Korea. A consideration that has not escaped the special investigators brought in on the case : if they recognize the impact of ” important ” of such an arrest, they believe, however, that ” justice is more important “.

More than a dozen other people have been arrested, including former ministers of Culture and of Social Affairs, but also a former director of the office of the president and a university professor.

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