Feb 17, 2017
Samsung heir Lee Jae-yong arrested in South Korea
Prosecutors accused Mr Lee of giving bribes worth 41bn won to President Park and her close friend Choi Soon-sil to win government support for a smooth leadership transition within Samsung. Lee Jae-yong, also known as Jay Y Lee, first gave evidence in front of a parliamentary hearing in December last year. Mr Lee is currently vice-chairman of Samsung Electronics. Since his father, Lee Kun-hee, suffered a heart attack in 2014, he is considered de facto boss of the entire Samsung Group conglomerate. Prosecutors now have 20 days to detain and question him before they have to formally indict Mr Lee.
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