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


By Ju-min Park and Christine Kim

SEOUL South Korea’s particular prosecutor’s workplace stated on Tuesday it should cost Samsung Group chief Jay Y. Lee and 4 different executives with bribery and embezzlement amid a political scandal that has rocked the nation.

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

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

“The 5 executives will face costs together with bribery, embezzlement and hiding property abroad,” stated Lee Kyu-chul, a spokesman for the particular prosecutor, on the final day of its investigation.

Lee may even be charged with committing perjury earlier than parliament, he added.

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

A Samsung Group spokeswoman declined to touch upon the fees.

Lee, the spokesman, stated the case towards President Park could be handed over to common prosecutors with Park remaining a suspect, whereas signalling different conglomerates might also develop into concerned within the investigation.

Park was impeached by parliament in December after accusations that she colluded with long-time good friend Choi Quickly-sil to strain massive companies, together with Samsung, to donate to 2 foundations set as much as again the president’s coverage initiatives.

The particular prosecutor’s workplace will make an official announcement concerning the conclusion of its investigation on March 6.

(Extra reporting by Se Younger Lee; Enhancing by Nick Macfie)