Follow Us:
Thursday, July 19, 2018

South Korea prosecutor to decide on seeking arrest of Samsung head Jay Y Lee by Sunday

The 48-year-old executive was named as a suspect on suspicions that include bribery and perjury and was questioned for more than 22 hours until his release early on Friday.

By: Reuters | Seoul | Published: January 13, 2017 1:02:40 pm
samsung, samsung south korea, samsung heir, samsung controversy, samsung group leader, jay y lee, samsung bribery casem samsung allegation, samsung heir questioned by south korea, samsung heir apparent, lee kyu chul, samsung chief, samsung president, samsung electronics, samsung vice chairman, south korea news, samsung news, international news, indian express Samsung Electronics vice chairman Jay Y Lee is surrounded by media as he leaves the office of the independent counsel in Seoul, South Korea, January 13, 2017. (Kim Do-hoon/Yonhap via REUTERS)

The South Korean special prosecutor will decide whether to seek an arrest warrant for Samsung Group leader Jay Y Lee within two days, a spokesman for the investigation team said on Friday. The 48-year-old executive was named as a suspect on suspicions that include bribery and perjury and was questioned for more than 22 hours until his release early on Friday.

Watch What Else Is Making News?

Lee Kyu-chul, a spokesman for the special prosecutor’s office, told a regular briefing that a final decision had yet to be made on an arrest warrant. That decision could come as late as Sunday, he said.

Prosecutors are trying to determine if payments of about 30 billion won ($25 million) Samsung made to foundations and a business backed by a confidante of President Park Geun-hye were connected to a 2015 decision by the National Pension Service to back a controversial merger of two Samsung Group affiliates.

For all the latest World News, download Indian Express App