South Korean corruption probe traps key Samsung executives

South Korea's prosecutors attacked Samsung Electronics's headquarters in Gangnam, Seoul, a week ago, as research continues on one ...

South Korea's prosecutors attacked Samsung Electronics's headquarters in Gangnam, Seoul, a week ago, as research continues on one of the country's biggest corruption scandals. The raid was carried out after reports in the local media claimed that Samsung gave millions of euros to a fake foundation run by "shaman adviser" and a personal friend of South Korean President Park Geun-hye. Son of the current president of Samsung and the apparent heir Lee Jae-yong was summoned to be interrogated during the night of 13 of November. First they asked about the alleged involvement of Samsung in all this. The corruption probe has caught some of the company's top executives. According to local reports, the prosecutors have broiled the grill Chang Choong-ki, who is the head of the strategic planning department of Samsung. This department is actually considered to be the de facto control tower of the Samsung Group, since key strategic decisions are made here. He was summoned to the Central District Prosecutor's Office in Seoul to answer questions about the claims about Samsung's relationship with President Choi Soon-sil's friend. Samsung's president for corporate relations Park Sang-jin has already been convened by prosecutors twice this month to answer questions about the company's alleged involvement. It is stated that in exchange for donations made by Samsung, Choi used his influence in the political and business sectors to help Samsung Group complete the highly controversial merger between Samsung C & T and Cheil Industries last year. The merger effectively helped Lee's founding family cement its grip on the conglomerate despite its single-digit involvement.

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