South Korean prosecutors to indict Samsung`s de facto chief

by 11:30 PM 0 comments
South Korean special prosecutors said they will indict Samsung`s de facto chief Tuesday on bribery, embezzlement and other charges linked to a political scandal that has toppled President Park Geun-hye.
The planned indictments mean that key figures at a powerful yet secretive Samsung office that wielded influence over dozens of Samsung affiliates face trial.
The planned indictment of Samsung Electronics vice chairman Lee Jae-yong is a huge hit for the country`s most important company.
Lee promised earlier to disband the secretive office, called the Corporate Strategy Office, which allegedly orchestrated bribery schemes centered on Choi Soon-sil, Park`s confidante.
Samsung, the largest and the most successful among the big businesses that dominate the South Korean economy, has vowed a series of measures to improve transparency.

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