bribery

Samsung Heir Charged With Bribery, Embezzlement in Corruption Scandal

It’s been a rough few months for Samsung: Last year’s exploding phone debacle was followed by scion Lee Jae-yong’s apparent involvement in the growing corruption scandal surrounding South Korean President Park Geun-hye. [caption id="attachment_199283" align="aligncenter" width="808"] Source: AFP PHOTO / YONHAP / Getty Images[/caption] Now, as the company struggles to bounce back with the introduction of...

Samsung Heir Lee Jae-Yong Arrested in Seoul on Bribery Charges

On Friday morning, Samsung Group’s chief Lee Jae-Yong was arrested on allegations of bribery, embezzlement, and perjury. He has been arrested in connection with South Korea’s ongoing corruption scandal, according to a new report from Bloomberg. [caption id="attachment_199283" align="aligncenter" width="808"] Source: AFP PHOTO / YONHAP / Getty Images[/caption] Lee was taken into custody after the Seoul...

Samsung Boss Faces Arrest in Alleged $48M Bribery Scandal

South Korea’s independent counsel is seeking an arrest warrant for Jay Y. Lee, Samsung’s Vice Chairman and heir apparent, for handing over around 43 billion won (almost $48 million CAD) to President Park Geun-Hye’s confidant Choi Soon-Sil in exchange for business favors and perjury for having denied the allegation during parliamentary testimony held in December […]

Former Foxconn Executives Accused in Bribery Case

Prosecutors detained a former Foxconn general manager and released three other Foxconn employees on bail in a bribery case, reports the Wall Street Journal. The company, which is known as the assembler of iPhones and iPads for Apple, said it is disappointed with this case that involves some of its senior executives and said it...