Samsung chief embroiled in $36m bribery scandal in South Korea

Jan16

by Sindy Cator on January 16, 2017 at 12:43 pm

As if Samsung already didn’t have enough to worry about following its Galaxy Note 7 debacle, the company’s future is now threatened by a probe into its leader’s alleged illegal dealings with the South Korean government. Bloomberg reports that Samsung Group’s de facto head, Lee Jae-yong (aka Jay Y Lee) is being accused by a team of prosecutors in South Korea of paying Choi Soon-sil, a close confidant of the country’s President Park Geun-hye in exchange for the government’s support in his succession in the company, and they’re now seeking his arrest. Lee has been under the scanner since last…