Saturday 14 January 2017



Samsung Boss in Trouble Over 21m Pounds Corruption Scandal


Jay Lee who is the Group Leader of Samsung, has been implicated in a shocking bribery scandal that could lead to the removal of President Park of South Korea.
 
Samsung Group leader Jay Lee left the South Korean special prosecutor’s office early on Friday after more than 22 hours of questioning on bribery suspicions in an influence-peddling scandal that could topple President Park Geun-hye.
 
Lee left the special prosecution office without answering reporters’ questions and headed to a waiting car.
 
Prosecutors have been investigating whether Samsung provided 30 billion won (21 million pounds) to a business and foundations backed by Park’s friend, Choi Soon-sil in exchange for the national pension fund’s support for a 2015 merger of two Samsung affiliates.
 
The special prosecutor’s office said it would decide by Sunday whether to seek a warrant to arrest 48-year-old Lee, the third-generation leader of South Korea’s largest conglomerate, or chaebol.
 
There were no plans to bring him in for further questioning.
 
Lee denied some of the suspicions against him but had admitted to others, said Lee Kyu-chul, a spokesman for the special prosecutors’ office who declined to elaborate.
 
A Samsung spokeswoman declined to comment.
 
The corruption scandal has engulfed the highest reaches of South Korea’s elite, with Park impeached by parliament in December, a decision that must be upheld or overturned by the Constitutional Court.
 
Park, who has been stripped of her powers in the meantime, has denied wrongdoing.
 
Lee was named as a suspect on Wednesday and summoned for questioning.
 
-Reuters/NAN
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Reliance Training and Management Consulting, a dynamic, fast growing indigenous entity, was established and duly registered with the aim to nurture, develop and innovate people and organisations through customized training, development and management consulting services, with excellent performance, deep sense of commitment, transparency, honesty and responsibility, to demonstrate the highest standard of technical and operational expertise.
 


 
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