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Samsung’s Leader Is Indicted on Bribery Charges

Choe Sang-hun, reporting for The New York Times:

The head of Samsung, one of the world’s largest conglomerates, was indicted on bribery and embezzlement charges on Tuesday, becoming one of the most prominent business tycoons ever to face trial in South Korea.

The indictment of Lee Jae-yong, the company’s de facto leader, came at the end of a special prosecutor’s 90-day investigation of a corruption scandal that has already led to the impeachment of President Park Geun-hye. When huge crowds took to the streets in recent months to demand that she leave office, they also called for the toppling of Mr. Lee and other corporate titans.

Mr. Lee was arrested on Feb. 17, a dramatic development in South Korea’s struggle to end collusive ties between the government and the family-controlled conglomerates, or chaebol, that dominate the economy.

Thursday, 2 March 2017