COVID-19 Latest
World|business|April 7, 2017 / 11:48 AM
Samsung boss Lee Jae-Yong goes on trial in South Korea

AKIPRESS.COM - The acting head of Samsung Group has gone on trial in South Korea for his alleged role in a corruption scandal that led to the ousting of the president, reports BBC.

Lee Jae-Yong denies charges of embezzlement and perjury.

Prosecutors say he gave 43bn Korean won ($38m; £30m) to President Park Guen-hye's friend for political favours.

Ms Park is suspected of colluding with Choi Soon-sil to get conglomerates to donate to Ms Choi's foundations.

Ms Park was arrested last week, after being impeached, and sent to a detention centre, although she has not yet been formally charged.

Mr Lee, who appeared in court in handcuffs, has denied the bribery allegations, saying Samsung was coerced into handing over the funds.

Another four Samsung executives have also appeared in court in connection with the scandal. They also deny the accusations.

Mr Lee's case is "one of the most deep-rooted and typical cases involving unhealthy relations between politicians and businessmen," said Special Prosecutor Park Young-Soo in his opening statement in Seoul's Central District Court.

Mr Lee, the 48-year-old vice-chairman of Samsung Electronics, has been the parent company Samsung Group's de facto head since his father Lee Kun-hee suffered a heart attack in 2014.

He was arrested in February.

All rights reserved

© AKIpress News Agency - 2001-2024.

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:

299/5 Chingiz Aitmatov Prosp., Bishkek, the Kyrgyz Republic

e-mail: english@akipress.org, akipressenglish@gmail.com;

Follow us:

Log in


Forgot your password? - recover

Not registered yet? - sign-up

Sign-up

I have an account - log in

Password recovery

I have an account - log in