Samsung CEO is indicted for bribery and embezzlement”

Feb

28

2017

A South Korean prosecutor intends Samsung CEO Jay Lee to sue to include bribery, embezzlement and perjury. Lee is on trial along with four other executives from Samsung.

A spokesman for the South Korean public prosecutor announced that Samsung is directly linked to the corruption scandal. Through dubious foundations and stooges the CEO would have converted 34 million paid kickbacks to former South Korean President Park Geun-hye. The indictment describes the spokesman said in detail the private conversations between Lee and Park. Samsung has denied the allegations.

If the South Korean prosecutor Lee these crimes actually made against the trial could last about eighteen months. This could also significantly delay the appointment of Samsung’s new boss. It reports Bloomberg.

Two weeks ago, had the South Korean authorities Jay Lee been formally arrested. To this end, the regional court in the South Korean capital, Seoul had the 48-year-old Lee issued an arrest warrant. The arrest took place because it was suspected that he would destroy evidence.

The CEO who was regarded as the next CEO of the electronics manufacturer, is suspected to have played a role in a bribery scandal in which former President Park is involved. Justice Lee suspects that he gave money to the company of a friend of the South Korean President Park. In return, the president would have supported him to become CEO in the future. Park is the subject of a deposition process; it should be clear if they actually marketed by parliament. Since last year the Prime Minister Hwang Kyo-ahn, the acting president of South Korea.

Lee is the grandson of the founder of Samsung. His father, Lee Kun Hee, is officially the head of Samsung, but he’s in the hospital since 2014.

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