Trial of Samsung Heir Focuses on Father-To-Son Succession

By | April 7, 2017

The scion of South Korea’s Samsung enterprise empire, Lee Jae-yong, appeared in court docket Friday to face trial for bribery and fully different charges.

Lee sat quietly and did not converse as South Korean prosecutors launched a slew of proof they acknowledged confirmed why and the method the 48-year-old used forty three billion obtained ($38 million) in agency funds to bribe the country’s impeached president, Park Geun-hye, and a detailed confidante of hers, primarily in commerce for supporting a easy management transition at Samsung.

The prosecutors focused on Lee’s alleged motivation for looking for authorities assist with a father-to-son management transition inside the country’s largest enterprise group.

Samsung has denied any wrongdoing and Lee, who was arrested in February, has pleaded not guilty.

Lee assumed de facto management of the conglomerate after his father Lee Kun-hee, who’s Samsung Electronics’ chairman, fell sick in May 2014.

Stakes inside the trial are extreme for every sides, because it entails the princeling of South Korea’s richest family.

Prosecutors blamed shut ties between the federal authorities and massive enterprise for the scandal that toppled Park and has implicated dozens of fully different people at pretty a quantity of chaebol, or massive enterprise conglomerates.

Such relations can have aided South Korea’s quick financial ascent however now are a supply of rising public discontent and a key goal of contenders in a May 9 snap presidential election.

For Samsung, a conviction may damage Lee’s stature as future chief of the agency based by his grandfather.

The prosecutors acknowledged their proof contains 39 handwritten notebooks the place a former financial adviser of the impeached South Korean president scribbled down her orders. They argued that the massive sum of agency money was used for Lee’s private revenue — to safe a enterprise merger and foyer regulators to assist strengthen his administration over Samsung.

Lee is “the largest beneficiary who reaped monumental profits,” acknowledged particular prosecutor Yang…

Please check this great service at: or visit FREE SERVICES menu

[Total: 0    Average: 0/5]