SOUTH KOREA: Samsung Head Arrested In Corruption Scandal That Led To Impeachment Of President

Reuters reports:

Samsung Group chief Jay Y. Lee was arrested 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 technology giant and standard-bearer for Asia’s fourth-largest economy.

The special prosecutor’s office accuses Lee of bribing a close friend of President Park Geun-hye to gain government favors related to leadership succession at the conglomerate. It said on Friday it will indict him on charges including bribery, embezzlement, hiding assets overseas and perjury.

The 48-year-old Lee, scion of the country’s richest family, was taken into custody at the Seoul Detention Centre early on Friday 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 an influence-peddling scandal that led parliament to impeach Park in December, a decision that if upheld by the Constitutional Court would make her the country’s first democratically elected leader forced from office.

  • Tawreos

    So billionaires can be arrested and be connected to impeachments. That is very good news.

    • DaddyRay

      You have to read the footnote

      * Impeachment only applicable in South Korea

      • Tawreos

        The fine print always screws you.

        • Monicajkoon

          Google is paying 97$ per hour! Work for few hours and have longer with friends & family! !mj191d:
          On tuesday I got a great new Land Rover Range Rover from having earned $8752 this last four weeks.. Its the most-financialy rewarding I’ve had.. It sounds unbelievable but you wont forgive yourself if you don’t check it
          !mj191d:
          ➽➽
          ➽➽;➽➽ http://GoogleFinancial JobsCash191TopSiteGetPay$97Hour… ★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★:::::!mj191d:….,……..

  • The 48-year-old Lee, scion of the country’s richest family

    this is a thing i don’t understand about people like this. you’ve already got it all, dood. why bother being corrupt? i’m sure women were throwing themselves at him most of his life, he wanted for nothing and never knew hunger or lacked the finest surroundings at home, school, etc. what is it that makes people like this guy such assholes?

    it’s nice to see SK can do what we seemingly can’t, and toss a corrupt govt to the curb.

    • Cosmo Tupper

      Yeah, really. We are stuck with our corruption because the corrupt are admonishing the corrupt.

    • Walter Maerlyn

      They’re hoarders. Some people hoard possessions, some hoard money, some hoard acclamation, some hoard power.

    • JT

      Something about power. If ever there was a contemporary exemplar of Acton’s remark, Drumpf is it.

    • Rambie

      “Power corrupts, absolute power corrupts absolutely.” or in just one word; Greed

    • Acronym Jim

      Ironically, the Trump kids are rebranding some of their hotels as “Scion.”

    • Rick Zajac

      It’s just never enough with these people and it becomes a game of who has the most marbles. It’s no longer a matter of “can I earn enough to feed my family and pay my bills?”

  • DaddyRay

    Trump’s reaction: What an amateur, you want to see corruption – hold my beer

  • Andymac3

    Waiting for the ‘affluenza’ defense. ‘I didn’t know I was bribing him, I was just be overly generous with my cash.

    • TJay229

      That is only available to White people, not people of color, let’s not forget that.

      • JAX

        Different country.
        We’ll have to see how they handle their own.

      • Andymac3

        That’s the American rule, other countries just see people for the color of their money and power.

  • Walter Maerlyn

    The bigger they are, the harder they fall.

  • JT

    SOUTH KOREA: Samsung Head Arrested In Corruption Scandal That Led To Impeachment Of President

    There are so many Drumpf scandals justifying impeachment, but this is definitely one kind. Work all possibilities. The danger and disgrace that is Drumpf must not be allowed to go on.

  • billbear1961

    If the Republicans were in charge in South Korea, they’d do NOTHING.

    They are corruption INCARNATE.

    Their authority is forfeit.

    Traitors and seditionists HAVE no authority.

    • WitlessProtection

      They would if the President was of the opposite party.

      • billbear1961

        Yes, they would, but I meant fully in charge, as they are now, of both the Executive and Legislative branches.

  • roadtripboy

    This reminds me of what happened a few years ago with the head of Daewoo.. That cause Daewoo to implode. Makes me wonder if the same thing will happen to Samsung.

    • My bet is they’ll suffer some, but it won’t go under. Samsung plays far too large a role in South Korea’s economy for them to sink it, and it’s been around for a long time. Daewoo was always a shaky bet, right from the start, and didn’t have the diversity or production levels to compensate for their poor financial position.

      • spamky

        IIRC Samsung is responsible for something like 30% of South Korea’s GDP, if they go down the whole country is fucked

  • Skeptical_Inquirer

    South Korea >>>>>>>>>>>>>>>>America. Until America has the fucking balls to go after CEOs, it is just a Third World Country with nukes.

    I’m going to be blunt. Too many damn Americans WORSHIP con artists. They think “Yay, he got it over the MAN!” and I’m all “You idiots, the victim was YOU!”

  • bambinoitaliano

    I read some of it, it was a long and uphill battle for the prosecutor team going up against the power to be and a giant conglomerate. The rest of the world especially America could only watch with envy.

  • Skokieguy [Larry]

    O/T: Let’s all be sad for Melissa McCarthy. CNN reports as breaking news that Spicer is out:

    “Crossroads Media founder Mike Dubke is expected to be named as White
    House Communications Director, two administration officials tell CNN”

    http://www.cnn.com/2017/02/17/politics/mike-dubke-to-be-named-white-house-communications-director/index.html

    • she’s got a lot of talent and there are still plenty of assholes for her to impersonate.

    • Stogiebear

      I bet she can do an awesome President Bannon.

      • WitlessProtection

        That HAS to be Rosie…

    • Kruhn

      No. Spicer is staying as Press Secretary, but the Communications Director, which he was also his responsibility is going to someone else. I think the Press Secretary still holds the daily briefing.

      • Skokieguy [Larry]

        Yea for Melissa!

    • Lantor

      Dammit, I had KellyAnne in the office pool

      Edit: Just saw that it is taking a job off his plate, so to speak

  • Bob Conti

    The problem is, being Samsung and all, he can’t be transported on a plane for fear that he’ll with no warning burst into flames.

  • Yixing’s Fluffer

    His son was brought in for questioning earlier but prosecutors let him go. Guess he decided to rat out dear ol’ dad.

  • Rebecca Gardner

    If he smuggles in a Galaxy cell phone he can blow up the door to his cell. That was the plan all along.

    Has Trump been impeached yet or should I go back to sleep?

    • Silver Badger

      Go back to sleep. Your’re gonna need the rest.

  • OdieDenCO

    OT: “Apparently, Chairman Chaffetz and President Trump are the only two
    people in Washington today who think we should still be investigating
    Secretary Clinton,” Cumming said in a statement. He added: “The
    Oversight Committee can’t afford to be distracted by political vendettas
    against Hillary Clinton while our constituents are begging us to
    conduct responsible oversight of President Trump.”

    http://www.denverpost.com/2017/02/17/chaffetz-clinton-email-inquiry/

  • Jeffrey

    That’s how it’s done.

  • So this means I should keep an eye on my Galaxy On5, just in case it goes into meltdown?

  • Jean-Marc in Canada

    Dear America,

    This is how you deal with corruption. It would be nice if you could emulate this in regards to Wall Street and various other dubious industries.

    Best regards,

    South Korea, et al.

  • NZArtist

    Good job! Assmung stole technology from my company. I look forward to further prosecutions and investigations.

  • Lane

    [taking copious notes, hoping others do too]

  • Justandra

    Blah blah blah will this affect the release of the Note 8?