Feb 28, 2017
Samsung heir Lee Jae-yong to be indicted on bribery charges
South Korea's special prosecutor's office announced the charges against the de-facto Samsung chief, along with four other company executives. Samsung is accused of giving donations to non-profit foundations operated by Choi Soon-sil, a friend of Ms Park, in exchange for government favours. They alleged this was done to win government support for a big restructuring of Samsung that would help a smooth leadership transition in favour of Mr Lee, who is standing in as chairman for his ill father, Lee Kun-hee. Mr Lee is currently vice-chairman of Samsung Electronics. Since his father, Lee Kun-hee, suffered a heart attack in 2014, he is considered de facto boss of the entire Samsung Group conglomerate.
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