Samsung Group chief to be charged with bribery - News Summed Up

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Samsung Group chief to be charged with bribery


Seoul, Feb. 28 (Reuters): South Korea's special prosecutor's office said on Tuesday it will charge Samsung Group chief Jay Y. Lee and four other executives with bribery and embezzlement amid a political scandal that has rocked the country. Lee was arrested on February 17 over his alleged role in the corruption scandal involving impeached President Park Geun-hye, dealing a fresh blow to the technology giant and standard-bearer for Asia's fourth-largest economy. The other 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 executive vice president Hwang Sung-soo, the spokesman said. A Samsung Group spokeswoman declined to comment on the charges. The special prosecutor's office will make an official announcement regarding the conclusion of its investigation on March 6.


Source: The Telegraph February 28, 2017 08:40 UTC



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