Wednesday, 1 March 2017

Samsung Heir Lee Jae-yong Is Indicted Over Bribery Charges

Lee Jae-yong

The case is tied to the scandal which led to the impeachment of the country's president, Park Geun-hye.

South Korea's special prosecutor's office announced the charges against the de-facto Samsung chief, along with four other company executives.

Three of those executives resigned on Tuesday following the announcement.

Samsung also said it was dismantling its corporate strategic office, a unit coordinating the various arms of the huge conglomerate.

Samsung is accused of giving donations to non-profit foundations operated by Choi Soon-sil, a friend of Ms Park, in exchange for government favours.

He had been arrested earlier this month as prosecutors prepared the indictment.


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