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South Korea Prosecutors Seek Arrest of Samsung Chief Jay Y Lee For Bribery (cnbc.com)
South Korea's special prosecutors' office said it will seek a warrant to arrest the head of Samsung Group, the country's biggest conglomerate, accusing him of paying multi-million dollar bribes to a friend of President Park Geun-hye. From a report: Samsung Group chief Jay Y. Lee was questioned for 22 straight hours last week as investigators probed a corruption scandal that resulted in parliament impeaching Park last month. The special prosecutors' office accused Lee of paying bribes totaling 43 billion won ($36.42 million) to Choi Soon-sil, a friend of the president who is at the center of scandal. Lee, who became the de facto head of the Samsung Group after his father, Lee Kun-hee, suffered a heart attack in 2014, was also accused of embezzlement and perjury in the prosecution's application for an arrest warrant.
And not the first, or last. The absolute amount of bullshit that's gone on in S.Korea in the last decade should be a warning to people of just how bad things can get. The entire case that triggered this has pretty much everything from bribery to handing off classified information, cronyism at levels that would make the most corrupt politician drool and add in a dose of literally following a cult and implementing those ideas on an unwilling population? Oh yeah, this isn't even close to being over yet. Haven't even touched on the whole "possession of erotica can get you sent to jail" stuff, which was one of those great cultist ideas.
Om, nomnomnom...
Samsung should have just hired him to give some speeches, nothing illegal about that!
CEO of Apple screwed his business partner Wozniak out of hundreds of dollars by lying about his Atari chip bonus. That's pretty corrupt too, no?
Is everyone on Slashdot this racist? This is my first time here and I was hoping I landed on a good community, but it seems I was wrong...
This is the internet, its not like people are using their real names and addresses; when there is no accountability...
This is my sig, there are many like it but this one is mine
Fine with corruption? Hardly. Samsung has a long history of engaging in bribing government officials and getting caught. I talked about some of this a few months back when news came out that federal agents had raided Samsung Group to collect evidence of these crimes that they're now charging them with. To say the least, their corruption spans multiple generations and is wide-ranging enough to include everything from "mild" issues of business ethics like nepotism to more serious issues of government corruption that have the potential to topple the head of the country.
I recall an article a few years ago that did some investigative work into the people they were bribing at the time. It was able to tie their bribes to people engaging in everything from illegal drug trafficking to sex slaves. And I believe it was the same article that talked about how Samsung would also spy on reporters who were invited to media events, bugging their hotels and doing other things of that sort in order to ensure favorable reviews of their products. Some files apparently leaked that showed they were listening in and trying to collect dirt on the reporters, just in case the reviews didn't meet their satisfaction.
First thing I do when reading any comments is to drag the little sliders over to the "1" position. It helps substantially. Also best to never reply to any AC posts because others may also be filtering them out.
It's a shame that the same thing happens every day in the good old USA, except it's legal campaign contributions and lobbying. So there's no longer any chance of a scandal or prosecution. Just business as usual.
The only thing worse than a Democrat is a Republican.
There's a book titled (roughly) "Think Samsung" that was published in 2010 (link). It's said to give a disturbing picture of Samsung's corruption, and was even reviewed in The New York Times. It was written by Samsung's former chief legal counsel.
In his book, Mr. Kim depicts Mr. Lee and “vassal” executives at Samsung as bribing thieves who “lord over” the country, its government and media. He portrays prosecutors as opportunists who are ruthless to those they regard as “dead” powers, like a former president, but subservient to and afraid of Samsung, which he calls the “power that never dies.”
If he gets a Samsung one, he might blow his way out of jail.