Samsung exec in hot water over bribery charges

The Korea Herald is reporting that a top official at Samsung has just been arrested. “Lee, the 48-year-old Samsung Electronics vice chairman, is charged with bribery, embezzlement, perjury, concealment of criminal proceeds and illicit transfer of assets abroad.”

He is being accused of offering bribes that total 43 billion won which is about 36 million dollars.  In return he was ensuring the merger of two Samsung affiliates.

We will find out more as the story unfolds.


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