Samsung Heir Faces Arrest on Charges of Bribing South Korea’s President

Choe Sang-Hun, reporting for the NYT:

The sprawling investigation into President Park Geun-hye of South Korea took a dramatic turn on Monday with word that prosecutors were seeking the arrest of the de facto head of Samsung, one of the world’s largest conglomerates, on charges that he bribed the president and her secretive confidante. […]

Mr. Lee is accused of instructing Samsung subsidiaries to make payments totaling 43 billion won ($36 million) to the family of Ms. Park’s confidante, Choi Soon-sil, and to two foundations that Ms. Choi controlled, in exchange for help from Ms. Park in facilitating a father-to-son transfer of ownership control of Samsung.

Shocking that something like this would happen to a company as morally scrupulous as Samsung. Shocking.

★ Monday, 16 January 2017