Samsung director, Lee Jae-Yong, in bribery scandal

2 weeks ago
Chinese President Xi Jinping Speaks at Seoul National University

Samsung heir, Lee Jae-Yong, has become a criminal suspect in a probe into the corruption and influence-peddling scandal engulfing impeached South Korean President Park Geun-Hye.

Lee, vice chairman of Samsung Electronics and the son of the Samsung Group chairman, Lee Kun-Hee, would be quizzed as a suspect in a bribe scandal.

Prosecutors are investigating whether Samsung offered bribe in order to win state approval for a controversial merger which it sought in 2015.

The merger of two Samsung group units — Cheil Industries and Samsung C&T — was seen as a crucial step towards ensuring a smooth third-generation power transfer to Lee Jae-Yong.

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