South Korea Prosecutor Plans to Resummon Samsung Heir Jay Y. Lee

Feb 16, 2017, 00:40
South Korea Prosecutor Plans to Resummon Samsung Heir Jay Y. Lee

"We will investigate the vice chairman today and decide whether to request a warrant [for his arrest] after the review", said Lee Kyu-chul, a spokesman for the prosecution.

In this January 12, 2017 fie photo, Lee Jae-yong, center, vice chairman of Samsung Electronics, arrives to be questioned as a suspect in bribery case in the massive influence-peddling scandal that led to the president's impeachment at the office of the independent counsel in Seoul, South Korea.

Lee and four other Samsung executives were questioned for their involvement in a corruption scandal involving South Korean President Park Geun-hye and her longtime acquaintance Choi Soon-sil, South Korean newspaper Hankyoreh reported.

The son of the current CEO and the nephew of the founder was questioned in numerous times regarding a business that led to the South Korean's state leader destitution. According to authorities, Lee will face charges including bribery, embezzlement and hiding assets overseas.

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Prosecution spokesman Lee said the office had told parliament it needed to extend the investigation period.

Prosecutors are probing whether Samsung's payments to Choi were aimed at securing official approval for the controversial merger of two Samsung units in 2015, seen as smoothing the way for a transition. "We will do our best for the truth to be revealed in court". The pension fund's current chief was arrested previous year on suspicion of pressuring the fund to back the merger, which helped Lee increase his influence in Samsung Electronics without spending any of his money.

Prosecutors had sought to arrest Lee when they summoned him last month, but the Seoul Central District Court ruled there wasn't enough evidence to justify Lee's arrest at that point. But it went through after the state pension fund - a major Samsung shareholder - approved it. They will share those details during a news briefing on Wednesday. The office can seek a 30-day extension to its current deadline of February 28.

Samsung has acknowledged paying several firms but denied Lee's bribery and said: "It is hard to understand the special prosecution's decision". The anti-trust regulator was raided earlier this month by prosecutors.