The following is an excerpt from Shara Tibken | February 16, 2017 | cnet.com |
Samsung's de facto leader may be facing jail time.
A South Korean court on Friday (Korea time) approved a warrant for the arrest of Jay Y. Lee, the acting head of Samsung Group, in connection with a political scandal in the country, according to reports from Dow Jones and the Associated Press. Lee has been accused of bribing the suspended South Korean president, Park Geun-hye.
The move reverses a decision from last month where the Seoul Central District Court in South Korea rejected a request for an arrest warrant for Lee, Samsung's 48-year-old vice chairman. Along with bribery, Lee has also been accused of embezzlement and perjury.
Lee had been waiting for the decision at a Seoul detention center, Bloomberg reported. He will remain there because of the arrest warrant, the publication said. It may take as long as 18 months for a trial or verdict, Bloomberg said. "There's a chance the suspect could destroy evidence or flee, so arresting him is appropriate," a court spokesperson told Bloomberg.
Samsung said in a statement: "We will do our best to ensure that the truth is revealed in future court proceedings."
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