She has since been stripped of her powers while the constitutional court deliberates her impeachment by parliament.
Lee Jae-yong who is actually the vice-chairman of Samsung Electronics and grandson of the group’s founder, has been leading the Samsung Group since his father and chairman Lee Kun-hee was hospitalised with a heart attack in 2014. Restructuring plans have been in motion to make him the official leader.
Lee who normally lives in a $4million mansion in the capital Seoul, is being held in a cell after being accused of paying about Won43bn ($37m) in bribes to a confidante of President Park Geun-Hye to secure policy favours to smooth his succession and more. Although he admitted making political donations to Ms Park, he denied that they were aimed at getting any business favours in return.
The judge rejected prosecutors’ request to arrest Park Sang-jin, the president of Samsung Electronics, who was involved in arranging the financial support for Ms Park, but claims he was following Mr Lee’s orders.
Lee has also accused him of hiding assets overseas, concealing profits made from illicit business activities and lying under oath during a parliamentary hearing about his role in the influence-peddling scandal.
In a statement addressing his arrest, Samsung said: “We will do our best to ensure that the truth is revealed in future court proceedings.”
5 comments:
That's very Very bad for Samsung
Issokay
...merited happiness
Really not good for the brand image.
Lekki Crystal Garden estate is 6 minutes drive from Lekki Free Trade Zone main gate and Dangote Refinery.
The estate has C of O and is along Lekki free trade zone Expressway axis at Ibeju-Lekki, Lagos State.
It is in a serene and highly preferred location. Dry land.
Plot Size: 600sqm.
Promo price: N2.5m per plot.
3months flexible payments: N1m initial and N900,000 monthly in 2 months.
Promo ends 20th February, 2017.
From 21st February price will be N2.8m per plot.
Title: C of O.
Facilities to be provided in Lekki Crystal Garden estate include Swimming pool, Gate house, fence, recreational centre, goad roads network, drainage, beautiful landscaping, electricity, Security.
Some of the landmarks at Neighborhood of the estate: Dangote Refinery, Power Oil company, Indomie company, General hospital Ibeju-Lekki, New Lekki Tourist centre, International Deep Sea port, Cargo port, Dangote Fertilizer Industry, Dangote Jetty, beaches, National Teachers Institute, many Primary Health care centres, Schools, International Golf course, La Campagne Tropicana Beach resort and many others.
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For enquiries and inspection call/ whatsappp: Ben..08112154073
Progressive country, can't imagine Dangote ever being arrested even if he commits a crime
haha
-D great anonymous now as Vivian Reginalds
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