🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

South Korea prosecutor to summon Samsung's Lee again on suspicion of bribery

Published 12/02/2017, 07:51
© Reuters. Samsung Group chief, Jay Y. Lee, is surrounded by media as he arrives at the Seoul Central District Court in Seoul
0593xq
-
005930
-
EPUJ
-

By Ju-min Park

SEOUL (Reuters) - South Korea's special prosecutor said it would again summon Samsung Group scion Jay Y. Lee on Monday to question him on suspicion of bribery, as it investigates a graft scandal that has engulfed the country's president.

Last month, special prosecution officials questioned 48-year-old Lee for more than 22 hours straight, but a court rejected a warrant to arrest him in the inquiry into a scandal that led parliament to impeach President Park Geun-hye.

Lee Kyu-chul, a spokesman for the special prosecutor, told a news briefing the office would decide later, possibly this week, whether to again seek an arrest warrant for Lee after he is questioned on Monday.

The special prosecution team would also question two other executives of Samsung, the country's largest conglomerate, on Monday, the spokesman said.

The special prosecution had investigated further during the three weeks since the court rejected the earlier application for an arrest warrant, the spokesman added.

"We are summoning Jay Y. Lee to check with him on our further findings," Lee, the spokesman, said on Sunday.

A spokeswoman for Samsung Group (SAGR.UL) declined to comment.

Prosecutors have been investigating whether Samsung pledged to provide 43 billion won ($37.54 million) to a business and foundations backed by President Park's friend, Choi Soon-sil, in exchange for support by the state pension fund for the controversial merger of two Samsung affiliates in 2015.

The funding included sponsorship for the equestrian career of Choi's daughter, who is under arrest in Denmark, after being sought by South Korean authorities.

Samsung and President Park have denied the bribery accusations.

South Korea's Constitutional Court is hearing arguments in its case to decide whether to uphold parliament's impeachment of Park, who has been stripped of her powers pending the verdict.

The two executives who also face questioning are Park Sang-jin, a Samsung Electronics (LON:0593xq) Co Ltd (KS:005930) president and Hwang Sung-soo, a senior company official.

Both are also office-bearers of the Korea Equestrian Federation and have previously been questioned in the case.

© Reuters. Samsung Group chief, Jay Y. Lee, is surrounded by media as he arrives at the Seoul Central District Court in Seoul

($1=1,145.5900 won)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.