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Monday, 16 January 2017

South Korea - Independent counsel seeks arrest of Samsung heir Lee Jae-yong: ARIRANG NEWS

Published on 16 Jan 2017
특검, 이재용 구속영장 청구…'뇌물공여•횡령•위증' 혐의

Today's starting point is the independent counsel team's latest decision.

Prosecutors have requested an arrest warrant for Samsung heir apparent Lee Jae-yong... on charges of bribery, embezzlement, and perjury.

Hwang Hojun has our top story. The probe escalated to a new level on Monday as the independent counsel requested a warrant for the arrest of Samsung heir and de facto leader Lee Jae-yong... on three charges -- bribery, embezzlement and perjury. "In seeking the warrant, the independent counsel concluded that serving justice is far more important than the possible impact the arrest could have on the national economy."

A Seoul court will review the request at a hearing on Wednesday.

According to the independent counsel office,

the Korean tech giant funneled 43 billion Korean won,... or more than 36 million U.S. dollars... to Choi Soon-sil, the jailed confidante of the Korean president and the woman at the center of the scandal.

That includes a consulting contract with Core Sports worth more than 18 million U.S. dollars, a contribution of over one-point-three million dollars to the Winter Sports Elite Center... and a donation of over 17 million dollars to the Mir and K Sports foundations -- all of which were controlled by either by Choi or her associates. 

The independent counsel believes the money was given by Samsung in exchange for support for a merger of two Samsung affiliates, Samsung C&T and Cheil industries.

The merger was deemed critical to finalizing Lee's succession to the top of the country's biggest business group.

The independent counsel team also indicted Moon Hyung-pyo, the head of Korea's National Pension Service, on charges of perjury and abuse of authority,... alleging that he pressured the NPS to approve the controversial merger,... which is believed to have cost the NPS millions of dollars in losses but helped empower Lee Jae-yong.

ed: Devin
"On Tuesday, the investigation will intensify.
The independent counsel team has summoned the current culture minister, Cho Yoon-sun... and former presidential chief of staff Kim Ki-choon for questioning about their alleged involvement in the blacklisting of cultural figures critical of the government."
HWANG Hojun, Arirang News.

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