Share

Samsung boss quizzed for 22 hours in bribery probe

Seoul - Prosecutors questioned Samsung Electronics’ vice chairman and heir apparent for about 22 hours in an influence-peddling probe that has reached the highest levels of government and business in South Korea.

Jay Y. Lee was released early Friday morning after appearing at the special prosecutor’s offices in central Seoul yesterday.

Investigators have said Lee, 48, is a suspect in their bribery investigation and that the charges may widen to include allegations of embezzlement and breach of duty.

The scion of Korea’s richest family has denied any wrongdoing; Samsung declined further comment.

“Lee returned home at around 7:30 a.m. this morning,” said Lee Kyu-chul, a spokesperson for the special prosecutor, in a telephone call.

“He has denied most of the allegations. Whether the prosecution will request an arrest warrant or not will be decided likely today or tomorrow.”

The influence-peddling scandal has gripped South Korea for months with millions taking to the streets to demand the ouster of President Park Geun-hye.

Authorities are looking into whether Samsung and other chaebol business groups made payments to entities controlled by Choi Soon-sil, a Park confidant, in exchange for political favours.

In recent weeks, the investigation has homed in on Samsung and payments the company made to foundations controlled by Choi.

When Lee appeared for questioning Thursday morning, he was surrounded by reporters, cameras and activists. “I apologise to the Korean people that we couldn’t show better behavior in this case,” he said.

Prosecutors also questioned Samsung Electronics President Park Sang-jin yesterday, prosecutors said in a text message overnight. Park was president of the Korea Equestrian Federation, one entity allegedly involved in the Choi payments.

Special prosecutors are planning to widen the probe to other Korean companies. In November, prosecutors searched the headquarters of Lotte Group and SK Group, seeking evidence of whether they donated money to foundations controlled by Choi in return for duty-free business licences. The chairmen of SK and Lotte denied any wrongdoings at the parliamentary hearing.

“The special prosecutor has plans to widen the probe into other companies like SK and Lotte, but the schedules are not set yet,” said the spokesman Lee. “The allegations are likely to be bribery.” Representatives of SK Group and Lotte Group declined to comment.

Affiliates of SK and Lotte lost their duty-free licenses in Seoul in November 2015. A few months later, the Korea Customs Service announced a plan to hand out four additional licences for duty-free stores. Both companies applied for the licenses in October, though only Lotte has received one.

Read Fin24's top stories trending on Twitter:

We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
19.21
-0.3%
Rand - Pound
23.91
-0.4%
Rand - Euro
20.46
-0.4%
Rand - Aus dollar
12.33
-0.2%
Rand - Yen
0.12
-0.4%
Platinum
949.20
-0.1%
Palladium
1,023.50
-0.6%
Gold
2,383.93
+0.2%
Silver
28.32
+0.3%
Brent Crude
87.11
-0.2%
Top 40
66,581
-0.9%
All Share
72,637
-0.9%
Resource 10
62,770
-0.8%
Industrial 25
97,324
-1.1%
Financial 15
15,400
-0.5%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders