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Samsung’s Vice-Chairman was just Arrested on Corruption Charges

Jay Y. Lee leaves the Seoul Central District Court on Feb, 16.Photographer: SeongJoon Cho/Bloomberg
Jay Y. Lee leaves the Seoul Central District Court on Feb, 16.Photographer: SeongJoon Cho/Bloomberg

Samsung is just not having a good year.

Son of Samsung chairman Lee Kung-hee, and current vice-chairman and figurehead of the company, Lee Jae-Yong, was just arrested for bribing a former presidential aide.

According to The Guardian, this is connected to the corruption and influence-peddling scandal that threatens to “topple the country’s impeached president, Park Geun-hye.”

“Special prosecutors investigating a scandal that has rocked South Korea’s political and business worlds accuse Lee Jae-yong of bribing a close friend of Park to secure government support for a business deal that would propel him to the top of the Samsung group.

They reportedly plan to indict him on charges including bribery, embezzlement, hiding assets overseas and perjury, after the Seoul central court approved the billionaire’s arrest.”

This scandal might fair worse than the Galaxy Note 7 saga, and those were phones that literally exploded.

[Via Twitter Moments]

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