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 Lee might face arrest once again

    Business
    By 

    Last updated: January 30th, 2017 at 07:48 UTC+01:00

    Samsung Electronics vice chairman and heir apparent Lee Jae-yong dodged arrested two weeks ago when the Seoul Central District Court rejected an arrest warrant request put forward by the special prosecutor's office that's looking into allegations of embezzlement and bribery against Samsung in connection with South Korea's influence-peddling scandal. Samsung allegedly paid more than $35 million in bribes to organizations and foundations run by Choi Soon-sil, a close personal friend of President Park Geun-hye, to gain influence.

    According to a new report out of Korea on Sunday, the independent investigation team that's looking into this corruption scandal is likely to seek an arrest warrant once again for Samsung heir Lee Jae-yong. The team is reportedly considering to try and get an arrest warrant for the Samsung heir once it's done with the face-to-face investigation of the president by early next month.

    The court denied the first warrant request because it didn't consider Lee to be a flight risk and saw no need to detain him even though the investigation still continues. Whether the prosecutors will be able to make a stronger case for arrest the second time around remains to be seen.

    Business Lee Jae-yongSamsung Electronics

    You might also like

    Samsung may reveal its $44 billion US chip investment next week

    Samsung may reveal its $44 billion US chip investment next week

    Samsung has invested a lot of money in its US chipmaking facilities. In addition to its existing facility, the company announced a $17 billion project in 2021 for a semiconductor plant in Taylor, Texas that's likely to begin mass production of chips later this year. The US government is focused on pumping up the local […]

    • By Adnan Farooqui
    • 1 day ago
    Samsung’s top acquisitions man returns as big deals expected

    Samsung’s top acquisitions man returns as big deals expected

    Samsung has not participated in the mergers and acquisitions market for more than 7 years, despite having more than $60 billion in cash that it could use to buy new companies. Its absence from this space was also partly due to the legal troubles of heir Lee Jae-yong, who only recently returned to the top […]

    • By Adnan Farooqui
    • 1 day ago
    Samsung’s product naming has a grammar problem

    Samsung’s product naming has a grammar problem

    I'm a big fan of Samsung using proper nouns to label most of its home electronics. For instance, PC monitors names are no longer just a string of seemingly random letters and numbers. Instead, they belong to lineups named ‘Odyssey' or ‘ViewFinity.' It makes Samsung look better instead of coming across as a company that […]

    • By Mihai Matei
    • 2 days ago
    Samsung India announces Solve For Tomorrow 2024 innovation program for students

    Samsung India announces Solve For Tomorrow 2024 innovation program for students

    Samsung has announced the launch of the third edition of the Solve for Tomorrow program in India. The program aims to foster a culture of innovation among students. This year, the program has two tracks: School Track and Youth Track. This program is held in 63 countries globally. Over 2.3 million young people have participated […]

    • By Asif Iqbal Shaik
    • 3 days ago
    Samsung’s new Impulse app uses AI to help people with speech disorders

    Samsung’s new Impulse app uses AI to help people with speech disorders

    Samsung is now using artificial intelligence (AI) in various ways. The most prominent is Galaxy AI, a suite of AI-based tools and features that debuted with the Galaxy S24 series. But while Galaxy AI is meant to improve productivity and device customization, Samsung has also announced that it has developed Impulse — a new mobile […]

    • By Mihai Matei
    • 3 days ago
    US trade commission orders Samsung to stop unfair business practices with retailers

    US trade commission orders Samsung to stop unfair business practices with retailers

    The US FTC (Fair Trade Commission) has ordered Samsung to stop unfair business practices in the country. The antitrust regulator said that Samsung can't demand retailers to offer it retail prices for their products. The company reportedly did so for six years before it faced a probe from the agency. It was reported that Samsung […]

    • By Asif Iqbal Shaik
    • 4 days ago