The Seoul Central District Court has found Samsung vice-chairman / heir Jay Y. Lee guilt in corruption charges,and issued an arrest warrant early Friday.
Lee was charged for paying a huge bribe to President Park Geun-hye advisor, in return of political support. According to The New York Times report Lee allegedly gave a $36 million in total to Park’s private adviser, to score a support for the merger of two subsidiaries of Samsung. Park,is the first female leader of Korea, and a trouble after impeachment of the effect of her assistants. Till today Lee is one of the highest ranking executive to be drawn into the saga.
The judge, Han Jeong-seok said on Friday said that “Given the newly presented criminal charges and additional evidence collected, the legal grounds and need for arresting him are recognized”.
The prosecutor must indict Mr. Lee within 20 days.
In a statement, issued by Samsung says that, “We will do our best to ensure that the truth is revealed in the court proceedings.”
Analysts also claims that this case is a test of deal, where the South Korean democracy is ready to take down the white-collar crimes of the family-owned conglomerates, or chaebol, including Samsung which is the largest and most profitable company
[graphiq id=”3lRUgccX8Yl” title=”Lee Jae-yong” width=”500″ height=”812″ url=”https://w.graphiq.com/w/3lRUgccX8Yl” ]