South Korea prosecutor seeks arrest of Samsung chief for bribery
By Ju-min Park and Se Young Lee SEOUL (Reuters) - South Korea's special prosecutor on Monday sought a warrant to arrest the head of Samsung Group [SAGR.UL], the country's largest conglomerate, accusing him of paying multi-million dollar bribes to a friend of President Park Geun-hye. Investigators had grilled Samsung Group chief Jay Y. Lee for 22 straight hours last week as a suspect in a corruption scandal, which last month led to parliament impeaching Park. The special prosecutor's office accused Lee of paying bribes total 43 billion won ($36.42 million) to organizations linked to Choi Soon-sil, a friend of the president who is at the center of the scandal, in order to secure the 2015 merger of two affiliates and cement his control of the family business.
South Korea prosecutor says Samsung's Lee paid bribes to Park's friendSouth Korea's special prosecutor's office said on Monday that Samsung Group leader Jay Y. Lee had paid bribes totaling 43 billion won ($36.42 million) to Choi Soon-sil, the friend of President Park Geun-hye at the center of an escalating corruption scandal. The prosecutor's office said on Monday it will seek a warrant to arrest Lee on charges of bribery and embezzlement. Lee Kyu-chul, a spokesman for the prosecutor's office, told journalists that arrest warrants would not be sought for three other Samsung executives questioned during the investigation.
Samsung Group says does not accept bribery accusationsSouth Korean conglomerate Samsung Group said on Monday it could not accept the special prosecutors' accusations that its leader, Jay Y. Lee, paid bribes to further his succession or the merger of two affiliates in 2015. "It is difficult to understand the special prosecution's decision," Samsung Group said in an email statement in response to the special prosecutors' decision to request an arrest warrant for Lee, the third-generation leader of South Korea's top conglomerate. The prosecutors also said in their indictment of National Pension Service (NPS) chief Moon Hyung-pyo that he received an order from President Park Geun-hye to help the 2015 merger of Samsung C&T Corp and Cheil Industries Inc succeed.
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