Samsung, Hyundai bosses quizzed in S. Korea scandal probe - News Summed Up

Samsung, Hyundai bosses quizzed in S. Korea scandal probe


Lee Jae-Yong, vice chairman of Samsung Electronics and the heir-apparent of the Samsung group, was being questioned by prosecutors, Yonhap news agency said. Samsung made the largest donation of more than $15 million and is accused of separately offering 2.8 million euros ($3.1 million) to Choi to bankroll her daughter's equestrian training in Germany. Hyundai Motor chairman Chung Mong-Koo was also quizzed along with the bosses of other powerful conglomerates, Yonhap said. If this happens she will be the first South Korean president to be questioned by prosecutors while in office. The "donations" from the firms amounted to nearly $70 million, including 20 billion won ($17.5 million) from Samsung and 12.8 billion won from Hyundai.


Source: The Nation Bangkok November 13, 2016 08:39 UTC



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