NairaPark
News | Jobs | Classifieds | SMS | Forum | Connect
Complete Bulk SMS Reseller Website for N16,000 ONLY!
 
 
 




 
 




 

News  »  Technology

 
 
 

Samsung Chief’s Trial To Start Next Week

 
 
Nigerian News Update » Nigerian Newspapers
PM Newspaper
 
Samsung Group leader Jay Lee will go on trial for bribery and embezzlement on March 9, a court said, amid a corruption scandal that rocked South Korea and led to the impeachment of the president.

Lee, the 48-year-old third-generation leader of the country’s top conglomerate, was indicted on charges including pledging 37.24 million dollars in payments to a confidant of President Park Geun-hye.

“We are preparing hard, thinking that the upcoming Samsung trial could be the trial of the century that the entire world will be watching,” special prosecutor Park Young-soo said.

The Samsung scion’s hearing will be held in a court that can accommodate more than 150 people, according to the Seoul Central District Court’s database.

Lee, who was arrested on Feb. 17, was charged with bribery and embezzlement in a case that has dealt a blow to the standard bearer for Asia’s fourth-largest economy.

Samsung Group declined to comment but has denied wrongdoing.

Among the charges against Lee are pledging bribes to a company and organisations tied to Park’s confidant, Choi Soon-sil, the woman at the centre of the scandal, to cement his control of Smartphone-to-biopharmaceuticals Business Empire.

The funding also included Samsung’s sponsorship of the equestrian career of Choi’s daughter, prosecutors say.

Legislation appointing the special prosecutor states that the trial should be finished in three months.
 
 
 
 
 
 
Be the first to comment:
 
 
 
Male: Female:
 
Get a Website for your Business at N20k Only! Domain Registration and Web Hosting, absolutely Free! Click here to send your Website Content or Whatsapp 08160266850 for any enquiry.
 
 
 
You might also like:
 
N30tn leakage: Senate panel quizzes Airtel, BUA, 61 others

The Senate Joint Committee on Customs and Marine Transport, as part of its investigation into the alleged N30tn revenue leakage in the import and...

Daar Communications posts N681.9m Q1 loss

Daar Communications Plc has reported a loss before tax of N681.9m for the first quarter of 2017 compared to N687.9m loss posted in the corresponding...

Time to pay attention to your sexual health

Sexual intercourse can sometimes be a marker for a healthy heart because sex can be a form of exercise. It gives your heart a workout. People who...