Best buy guide: Galaxy Watch 6 or Galaxy S24+. Woo-hoo join SamMobile on WhatsApp or Telegram!

SamMobile has affiliate and sponsored partnerships. If you buy something through one of these links, we may earn a commission.

Notifications
    News for you

    Samsung heir questioned again during arrest warrant hearing

    Business
    By 

    Last updated: January 18th, 2017 at 11:21 UTC+01:00

    Samsung Group heir Lee Jae-yong has been questioned behind closed doors today by a South Korean judge during the hearing for his arrest warrant that has been sought by the country's special prosecutor in connection with the influence-peddling scandal that has led to the impeachment of President Park Geun-hye. The hearing lasted almost four hours and Lee was then taken to a detention center where he will await the court's decision which is expected to come later today or early tomorrow morning.

    The special prosecutor's office is seeking an arrest warrant for Samsung Electronics vice chairman Lee Jae-yong on suspicion of bribery, embezzlement and perjury. Samsung Group has urged the court to not issue the warrant and has claimed that it was forced into making the contributions. One of Lee's five attorneys was positive that his legal team had properly put their case forward. “We are confident the court will make a wise decision,” attorney Song Wu-cheol told reporters.

    Lee was previously questioned for more than 22 hours by prosecutors who seek to determine Samsung's role in the scandal. The company is accused of paying more than $36 million to organizations run by Choi Soon-sil, a close friend of the president, in order to gain influence. Samsung denies the allegations and Lee himself has denied bribery allegations during an appearance before the company's parliament in December last year.

    Via Business Lee Jae-yong

    You might also like

    Hotly anticipated Zuckerberg and Samsung boss meeting takes place at historic office

    Hotly anticipated Zuckerberg and Samsung boss meeting takes place at historic office

    Meta CEO Mark Zuckerberg has returned to South Korea after over a decade to meet industry leaders and government representatives, shoring up the company's alliances in the region as it looks to advance AI and XR technologies. It was rumored prior to his arrival that Zuckerberg would likely be meeting with Samsung Chairman Lee Jae-yong. […]

    • By Adnan Farooqui
    • 1 month ago
    Samsung meeting expected in Zuckerberg’s first Korea trip in 10 years

    Samsung meeting expected in Zuckerberg’s first Korea trip in 10 years

    Meta CEO Mark Zuckerberg is reportedly heading to South Korea next week. This would be his first visit to the country in over a decade as he last visited the country, which was his first ever trip to Korea, back in June 2013. There aren't a lot of details about his trip available at this […]

    • By Adnan Farooqui
    • 2 months ago
    Samsung chief Lee Jae-yong’s acquittal in merger case appealed by prosecution

    Samsung chief Lee Jae-yong’s acquittal in merger case appealed by prosecution

    Earlier this week, a court in South Korea announced its verdict in the long-pending case related to the merger of Samsung Group's affiliate companies. It was alleged that Samsung Electronics Chairman Lee Jae-yong was involved in market irregularities and illegally boosting the share price of Cheil Industries, one of Samsung Group's affiliate companies. However, Lee […]

    • By Asif Iqbal Shaik
    • 2 months ago
    TSMC and Intel continue to make life very difficult for Samsung

    TSMC and Intel continue to make life very difficult for Samsung

    Samsung is facing intense competition in the semiconductor market, largely due to TSMC's increasing competitiveness as well as Intel's comeback. The supply glut in the memory market and resulting price declines have already been quite painful for the company. It didn't help that Samsung Chairman Lee Jae-yong's absence due to his legal troubles prevented Samsung […]

    • By Adnan Farooqui
    • 2 months ago
    Samsung may finally spend its $60 billion cash to buy companies

    Samsung may finally spend its $60 billion cash to buy companies

    It's not uncommon for companies that have deep pockets to fuel growth through mergers and acquisitions. Samsung is certainly one with deep pockets as its cash reserves are in excess of $60 billion. However, the company has been out of the M&A market since 2017 when it acquired Harman for $8 billion. That might change […]

    • By Adnan Farooqui
    • 2 months ago
    Samsung chairman Lee Jae-yong found not guilty in merger case

    Samsung chairman Lee Jae-yong found not guilty in merger case

    Samsung Electronics chairman Lee Jae-yong has been found not guilty in the case that was connected to the controversial merger of Cheil Industries Inc. and Samsung C&T Corp. These companies were merged in 2015, and it was alleged that Lee Jae-yong was involved in stock price rigging and accounting fraud to solidify his position and […]

    • By Asif Iqbal Shaik
    • 2 months ago