Samsung chief Lee arrested as South Korean corruption probe deepens

Well, how about that!

The Crusader Journal

By Hyunjoo Jin and Joyce Lee

SEOUL (Reuters) – Samsung Group chief Jay Y. Lee was arrested early on Friday over his alleged role in a corruption scandal rocking the highest levels of power in South Korea, dealing a fresh blow to the world’s biggest maker of smartphones and memory chips.

The 48-year-old Lee, scion of the country’s richest family, was taken into custody at the Seoul Detention Centre after waiting there overnight for the decision. He was being held in a single cell with a TV and desk, a jail official said.

Lee is a suspect in the influence-peddling scandal that led parliament to impeach President Park Geun-hye in December, a decision that if upheld by the Constitutional Court would make her the country’s first democratically elected leader forced from office.

Shares in flagship Samsung Electronics Co Ltd opened down 1.2 percent, while shares in Samsung C&T Corp, the…

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Author: Lisa the Infidel

I am an #Infidel - born and bred North Carolina.

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