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Lee Jae-yong, Samsung Heir, Is Arrested on Bribery Charges Lee Jae-yong, Samsung Heir, Is Arrested on Bribery Charges
(35 minutes later)
SEOUL, South Korea — The de facto leader of Samsung, Lee Jae-yong, was arrested Friday on bribery charges, a dramatic turn in South Korea’s decades-old struggle to end collusive ties between the government and powerful family-controlled conglomerates.SEOUL, South Korea — The de facto leader of Samsung, Lee Jae-yong, was arrested Friday on bribery charges, a dramatic turn in South Korea’s decades-old struggle to end collusive ties between the government and powerful family-controlled conglomerates.
Mr. Lee, the vice chairman of Samsung, one of the world’s largest conglomerates, was taken to a jail outside Seoul, the capital, soon after a judge at the Seoul Central District Court issued an arrest warrant early Friday.Mr. Lee, the vice chairman of Samsung, one of the world’s largest conglomerates, was taken to a jail outside Seoul, the capital, soon after a judge at the Seoul Central District Court issued an arrest warrant early Friday.
Mr. Lee, 48, was accused of paying $36 million in bribes to President Park Geun-hye’s secretive confidante, Choi Soon-sil, in return for political favors from Ms. Park, like government support for a merger of two Samsung affiliates in 2015 that helped Mr. Lee inherit corporate control from his incapacitated father, Chairman Lee Kun-hee.Mr. Lee, 48, was accused of paying $36 million in bribes to President Park Geun-hye’s secretive confidante, Choi Soon-sil, in return for political favors from Ms. Park, like government support for a merger of two Samsung affiliates in 2015 that helped Mr. Lee inherit corporate control from his incapacitated father, Chairman Lee Kun-hee.
Mr. Lee is the first head of Samsung, a symbol of power and wealth in South Korea, to face corruption charges. Other charges against him include embezzlement, illegal transfer of property abroad and committing perjury during a parliamentary hearing. Mr. Lee is the first head of Samsung, a symbol of power and wealth in South Korea, to be arrested on corruption charges. Other charges against him include embezzlement, illegal transfer of property abroad and committing perjury during a parliamentary hearing.
Analysts say his case is a litmus test of whether the country’s relatively youthful democracy and judicial system are ready to crack down on the white-collar crimes of family-owned conglomerates, or chaebol, among which Samsung is the biggest and most profitable.Analysts say his case is a litmus test of whether the country’s relatively youthful democracy and judicial system are ready to crack down on the white-collar crimes of family-owned conglomerates, or chaebol, among which Samsung is the biggest and most profitable.
His arrest is also a hard-won victory for the special prosecutor, Park Young-soo, who has been struggling to establish a bribery case against Mr. Lee and Ms. Park.His arrest is also a hard-won victory for the special prosecutor, Park Young-soo, who has been struggling to establish a bribery case against Mr. Lee and Ms. Park.
Mr. Lee, who also goes by the name Jay Y. Lee in the West, had survived the prosecutor’s first attempt to arrest him last month, when a court in Seoul ruled that there was not enough evidence of bribery. But investigators have since collected what they called more incriminating evidence and again asked the court for an arrest warrant.Mr. Lee, who also goes by the name Jay Y. Lee in the West, had survived the prosecutor’s first attempt to arrest him last month, when a court in Seoul ruled that there was not enough evidence of bribery. But investigators have since collected what they called more incriminating evidence and again asked the court for an arrest warrant.
“Given the newly presented criminal charges and the additional evidence collected, the legal grounds and need for arresting him are recognized,” the judge, Han Jeong-seok, said on Friday, issuing the arrest warrant.“Given the newly presented criminal charges and the additional evidence collected, the legal grounds and need for arresting him are recognized,” the judge, Han Jeong-seok, said on Friday, issuing the arrest warrant.
Mr. Lee, who has yet to be convicted of any crime, was the most prominent businessman to be ensnared in the special prosecutor’s broadening investigation into a corruption scandal that led to Ms. Park’s impeachment by Parliament on Dec. 9. Ms. Park’s presidential powers remained suspended, with the Constitutional Court expected to rule in coming weeks whether she should be reinstated or formally removed from office.Mr. Lee, who has yet to be convicted of any crime, was the most prominent businessman to be ensnared in the special prosecutor’s broadening investigation into a corruption scandal that led to Ms. Park’s impeachment by Parliament on Dec. 9. Ms. Park’s presidential powers remained suspended, with the Constitutional Court expected to rule in coming weeks whether she should be reinstated or formally removed from office.
Mr. Lee’s arrest was sensational news in South Korea, where business tycoons have seldom spent much time behind bars, even after they were convicted of white-collar crimes.Mr. Lee’s arrest was sensational news in South Korea, where business tycoons have seldom spent much time behind bars, even after they were convicted of white-collar crimes.
“Samsung has not paid bribes nor made improper requests to the President seeking favors,” the company said in a statement. “We will do our best to ensure that the truth is revealed in the court proceedings.”“Samsung has not paid bribes nor made improper requests to the President seeking favors,” the company said in a statement. “We will do our best to ensure that the truth is revealed in the court proceedings.”