Sam­sung boss feels more heat

Warwick Daily News - - NEWS -

AF­TER 22 hours of ques­tion­ing over sus­pi­cions in­clud­ing bribery, Sam­sung Group head Lee Jae-yong may be feel­ing as hot as his ex­plod­ing Galaxy Note7 phones.

South Korea’s spe­cial pros­e­cu­tors of­fice said yes­ter­day that it would de­cide “soon” whether to ar­rest him.

Lee Kyu-chul from the spe­cial pros­e­cu­tors of­fice in­ves­ti­gat­ing the in­flu­en­ceped­dling scandal that has en­gulfed now-sus­pended Pres­i­dent Park Geun-hye, and mul­ti­ple pow­er­ful South Kore­ans, said Mr Lee would not be called for fur­ther ques­tion­ing.

He said Lee Jae-yong had de­nied in­volve­ment in some of the sus­pi­cions against him but had ad­mit­ted oth­ers.

One sus­pi­cion is that Sam­sung may have pro­vided $30 mil­lion to a busi­ness and foun­da­tions backed by Ms Park’s friend in ex­change for the na­tional pen­sion fund’s sup­port for a 2015 merger of two Sam­sung af­fil­i­ates.

Lee Jae-yong is the third-gen­er­a­tion leader of the coun­try’s largest con­glom­er­ate.

He was named a sus­pect on Wed­nes­day and brought in for ques­tion­ing on Thurs­day.

PHOTO: AP

Pres­i­dent Park.

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