{"id":300341,"date":"2017-03-09T06:30:13","date_gmt":"2017-03-09T06:30:13","guid":{"rendered":"http:\/\/citifmonline.com\/?p=300341"},"modified":"2017-03-09T06:30:13","modified_gmt":"2017-03-09T06:30:13","slug":"samsung-chief-lee-jae-yong-on-trial-for-bribery","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/?p=300341","title":{"rendered":"Samsung chief Lee Jae-Yong on trial for bribery"},"content":{"rendered":"<p class=\"story-body__introduction\">Samsung&#8217;s de facto head Lee Jae-Yong has gone on trial in South Korea on charges of bribery.<\/p>\n<p>The case is linked to a massive scandal that led to the impeachment of President Park Geun-hye.<\/p>\n<p>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.<\/p>\n<p>Mr Lee, the Samsung group and four other Samsung executives who are also on trial all deny wrongdoing.<\/p>\n<p>Mr Lee did not appear in person on the opening day of the trial in the capital, Seoul,<\/p>\n<p>The trial is expected to go on for several months.<\/p>\n<h4 class=\"story-body__crosshead\">The case against Lee<\/h4>\n<p>Mr Lee, also known as Jay Y Lee, is currently vice-chairman of Samsung Electronics. But since his father, Lee Kun-hee, suffered a heart attack in 2014, he is considered de facto boss of the entire Samsung Group conglomerate.<\/p>\n<p>Prosecutors have accused Mr Lee of giving donations worth 41bn won ($36m;\u00a329m) to organisations linked to Ms Park&#8217;s close friend Ms Choi. They alleged this was done to win government support for a big restructuring of Samsung that would help a smooth leadership transition in favour of Mr Lee, who is standing in as chairman for his ill father.<\/p>\n<p>The controversial merger required support from the national pension fund &#8211; the allegation is that this support was granted in return for the donations.<\/p>\n<p>In a December parliamentary hearing, Samsung admitted giving a total of 20.4bn won to two foundations, but denied seeking favours in return.<\/p>\n<p>Mr Lee also confirmed the firm gave a horse and money to help the equestrian career of Ms Choi&#8217;s daughter, Chung Yoo-ra, something he said he now regrets.<\/p>\n<p>Ms Park&#8217;s position began to unravel in October last year when details of her friendship with Ms Choi emerged.<\/p>\n<p>They included revelations that the president had allowed her old friend &#8211; who holds no government role &#8211; to edit political speeches.<\/p>\n<p>Politicians voted in December last year to impeach her over the scandal. South Korea&#8217;s constitutional court is expected to rule shortly on whether that decision will be upheld.<\/p>\n<p>Until then, Ms Park remains formally president but stripped of her powers.<\/p>\n<p>Ms Choi is on trial for charges including corruption and coercion.<\/p>\n<p>Ms Park denies wrongdoing but has apologised for the way she managed her relationship with Ms Choi, who also denies committing criminal offences.<\/p>\n<p>&#8211;<\/p>\n<p>Source: BBC<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Samsung&#8217;s de facto head Lee Jae-Yong has gone on trial in South Korea on charges of bribery. The case is linked to a massive scandal that led to the impeachment of President Park Geun-hye. Samsung is accused of giving donations to non-profit foundations operated by Choi Soon-sil, a friend of Ms Park, in exchange for [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"footnotes":""},"categories":[106],"tags":[4808,4809,3981],"class_list":["post-300341","post","type-post","status-publish","format-standard","hentry","category-technology","tag-bribery-charges","tag-samsung-boss","tag-samsung-chief"],"_links":{"self":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/300341","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=300341"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/300341\/revisions"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=300341"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=300341"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=300341"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}