▲ Up
 
20:41 27-04-2017
MAIN АКИpress CA-News
ADVERTISE WITH US SUBSCRIBE
KazakhstanKyrgyzstanMongoliaTajikistanTurkmenistanUzbekistanWorld
POLITICSBUSINESSINCIDENTSSOCIETYCULTURESPORTANALYSISSCIENCE
Samsung chief Lee arrested as S.Korean corruption probe deepens
10:19, 17 February 2017, 961
Twitterfacebookprint

AKIPRESS.COM - Samsung Group chief Jay Y. Lee was arrested early on Friday over his alleged role in a corruption scandal rocking the highest levels of power in South Korea, dealing a fresh blow to the world's biggest maker of smartphones and memory chips, Reutersreported.

The 48-year-old Lee, scion of the country's richest family, was taken into custody at the Seoul Detention Centre after waiting there overnight for the decision. He was being held in a single cell with a TV and desk, a jail official said.

Lee is a suspect in the influence-peddling scandal that led parliament to impeach President Park Geun-hye in December, a decision that if upheld by the Constitutional Court would make her the country's first democratically elected leader forced from office.

Shares in flagship Samsung Electronics Co Ltd fell 1.4 percent, while shares in Samsung C&T Corp, the de facto holding company of Samsung Group, were down 2.8 percent compared with the wider market's .KS11 drop of 0.2 percent.

Prosecutors have up to 10 days to indict Lee, Samsung's third-generation leader, although they can seek an extension. After indictment, a court would be required to make a ruling within three months.

No decision had been made on whether Lee's arrest would be contested or whether bail would be sought, a spokeswoman for Samsung Group said.

Samsung and Lee have denied wrongdoing in the case.

"We will do our best to ensure that the truth is revealed in future court proceedings," the Samsung Group said in a brief statement after Lee's arrest.

The same court had rejected a request last month to arrest Lee, but prosecutors on Tuesday brought additional accusations against Lee, seeking his arrest on bribery and other charges.

"We acknowledge the cause and necessity of the arrest," a judge said in his ruling.

The judge rejected the prosecution's request to arrest Samsung Electronics president Park Sang-jin.


Full access to all news articles in English

1 month2000 somsubscribe
year20000 somsubscribe
These subscription fees are for private individuals only. Please contact us via phone +996 (312) 900-776 or email info@akipress.org for corporate subscription inquiries
Twitterfacebookprint
LATEST NEWS
18:00 Quiz — Can you guess Kyrgyzstani politicians' spouses?17:53 Tajikistan develops national road safety strategy17:46 Foreign Minister of Uzbekistan, EU Special Representative for Central Asia review cooperation17:30 Traffic rule-brakers' cars will be evacuated from Apr. 29 — Police17:13 Interior Minister: Parents of high-profile hit-and-run driver asking parents of injured school boys to renounce their claims17:03 Kyrgyzstan, Uzbekistan define 76.5% of total state border — PM Jeenbekov16:59 Honorary Consulate of Kazakhstan opens in India's Chennai16:55 First forum of cultures kicks off in Bishkek16:42 e-Government to start fully working from July16:38 9 out of 18 Chinese companies that supplied poultry meat to Kyrgyzstan in 2016 do not exist16:37 Government of Kyrgyzstan plans to equate civil servants' salaries16:32 At least 10 top Tajik anticorruption officials arrested16:16 Implementation of "Safe School" program requires 45 bln som — Ministry of Education of Kyrgyzstan16:16 Kazakhstan to join Hague Conference on Private International Law15:59 Road construction cost higher in Kyrgyzstan than in US or Europe: Ex-head of Accounts Chamber15:53 State Border Service of Kyrgyzstan seeks to buy service dogs for 0.5 mln som15:47 Kyrgyzstan's Dastan Sharsheyev vs Russia's Anton Kalinin set for rematch15:46 Only 6 our of 166 state-run companies bring profit: MP15:37 PM blames undeveloped industry for low GDP per capita in Kyrgyzstan compared to neighbors15:09 President's Office suggests to create state tourism company
© AKIpress News Agency - 2001-2017. All rights reserved
Republication of any material is prohibited without a written agreement with AKIpress News Agency. Any citation must be accompanied by a hyperlink to akipress.com.
Our address:
Moskovskaya str. 189, Bishkek, the Kyrgyz Republic
e-mail: english@akipress.org, akipressenglish@gmail.com;
Tel/Fax: +996(312)90-07-75