{"id":284058,"date":"2017-01-12T06:04:23","date_gmt":"2017-01-12T06:04:23","guid":{"rendered":"http:\/\/citifmonline.com\/?p=284058"},"modified":"2017-01-12T06:04:23","modified_gmt":"2017-01-12T06:04:23","slug":"samsung-boss-questioned-in-south-korea-corruption-probe","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2017\/01\/samsung-boss-questioned-in-south-korea-corruption-probe\/","title":{"rendered":"Samsung boss questioned in South Korea corruption probe"},"content":{"rendered":"

Samsung chief Lee Jae-yong has been questioned at the prosecutor’s office in Seoul as a suspect in South Korea’s biggest political corruption scandal.<\/p>\n

The firm is accused of giving donations to several non-profit foundations operated by Choi Soon-sil, a confidante of President Park Geun-hye.<\/p>\n

The donations were allegedly made in exchange for political support of a controversial merger.
\nThe scandal has led to President Park being impeached last December.<\/p>\n

“I deeply apologize to the people for failing to show a positive image because of this incident,” Mr Lee told reporters upon arriving on Thursday morning.<\/p>\n

Earlier this week two other Samsung executives were interviewed by the special prosecutors, but were treated as witnesses rather than suspects.<\/p>\n

The claims against the company circle around a merger between the electronics giant’s construction arm, Samsung C&T, and an affiliate firm, Cheil Industries.<\/p>\n

Prosecutors allege that Samsung gave \u20ac2.8m euros ($3.1m; \u00a32.5m) to a company co-owned by Ms Choi and her daughter, in return for Ms Park’s support for the deal.<\/p>\n

Lee Jae-yong, also known as Jay Y. Lee, has already given evidence to politicians over the scandal, but this is the first time he has been quizzed as a suspect by investigators.
\nAnalysis<\/strong>
\nConnoisseurs of the apology will study this case for years to come. There has now been a string of important people saying they are deeply sorry, even as they profess their innocence of wrong-doing.<\/p>\n

On his way into the investigator’s office, Jay Y. Lee said he was sorry for portraying a bad image. In the past, President Park said she was sorry – for being too trusting.<\/p>\n

And her mentor, Choi Soon-sil, also apologized, saying she had “committed an unpardonable crime”. What crime that was though remains unclear – since she also said she was innocent!<\/p>\n

Incidentally, Mr Lee has a record of apologies. Four years ago, he took his son out of a school after it was revealed that the boy had a space there meant for the underprivileged (which the son of the acting-head of Samsung clearly is not – in the land where the son always rises, the lad may well end up as the head of the company himself).<\/p>\n

There will be more apologies before the current saga is over.<\/p>\n

At the parliamentary hearing in December, Samsung admitted giving a total of 20.4bn won (\u00a316m; $17.46m) to the two foundations, but denied seeking favours.<\/p>\n

And Mr Lee also confirmed the firm gave a horse and money to help the equestrian career of Ms Choi’s daughter, Chung Yoo-ra, something he said he now regretted.<\/p>\n

Mr 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

Politicians voted on 9 December to impeach President Park over the scandal – a decision South Korea’s constitutional court has six months to uphold or overturn.<\/p>\n

Until then she remains formally president but stripped of her powers, which are handed to the prime minister, a presidential appointee.<\/p>\n

Ms Choi is on trial for charges including corruption and coercion.<\/p>\n

Ms Park’s position began to unravel in October last year when details of her friendship with Ms Choi began to emerge.<\/p>\n

They included revelations that the president had allowed her old friend – who holds no government role – to edit political speeches.<\/p>\n

Since then, hundreds of thousands of protestors have gathered every weekend in Seoul to demand Ms Park stands down.<\/p>\n

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>\n

Source: BBC<\/p>\n","protected":false},"excerpt":{"rendered":"

Samsung chief Lee Jae-yong has been questioned at the prosecutor’s office in Seoul as a suspect in South Korea’s biggest political corruption scandal. The firm is accused of giving donations to several non-profit foundations operated by Choi Soon-sil, a confidante of President Park Geun-hye. The donations were allegedly made in exchange for political support of […]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[106],"tags":[205,2874],"yoast_head":"\nSamsung boss questioned in South Korea corruption probe - Citi 97.3 FM - Relevant Radio. 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