Korea Won’t Arrest Samsung Executive

Posted by at 10:34 am on January 20, 2017

A court in South Korea has rejected a request to arrest Samsung executive Lee Jae-yong.

Prosecutors in a government bribery case wanted Lee held on counts of bribery, embezzlement, and perjury. The Seoul Central District Court didn’t provide a reason for rejecting the prosecutor’s request.

The investigation pertains to a possible $36 million bribe Lee is alleged to have paid Korea President Park Geun-hye in order to facilitate the merger of several Samsung business units.

Lee is being groomed to take over the family-run company at some point down the road. His arrest would have put the succession plan in jeopardy.

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