Lee Jae-yong is nominally "vice-chairman" of Samsung, but his father, Samsung chairman Lee Kun-hee, is considered to be a mere figurehead, with Lee Jae-yong as the true boss of the company.
On Friday morning, Korean police placed Lee Jae-yong in custody at the Seoul Detention Centre, acting on a Seoul Central District Court arrest warrant for charges of bribery, perjury and embezzlement. The charges are part of a larger scandal that is rocking South Korea from the top down, whose most high-profile feature so far was the 2016 impeachment of President Park Geun-hye.
The prosecutors allege that Lee Jae-yong paid $37m in bribes to cult organizations affiliated with Choi Soon-sil, who was also arrested in 2016 -- and who has been characterized as a kind of Rasputin figure in the Park Geun-hye administration, carrying on the work of her father, the Shamanistic-Evangelical cult leader, Choi Tae-min.
Until today, no Samsung executive had ever been the subject of criminal charges.
According to a translation provided by the BBC, the court said in a statement: "It is acknowledged that it is necessary to arrest [Lee Jae-Yong] in light of a newly added criminal charge and new evidence."
Lee has generally considered the de facto head of Samsung Group, since his father, still the chairman by title, was hospitalized in 2014.
Investigators believe that Lee, who is also known by the name Jay Y. Lee, is involved in the corruption scandal that lead to last year's impeachment of South Korean President Park Geun-hye.
Samsung chief Lee Jae-yong arrested on charges of bribery [Cyrus Farivar/Ars Technica]
(Image: Lee_Jae-yong_in_2016, KBS, CC-BY)
It’s been years since the major pharma companies agreed to participate in the Registry of All Trials, meaning that they’d end the practice of only reporting on trials whose outcomes they were pleased with, leaving about half of all trials unreported-on.
Attorney General Jeff Sessions, having been thrown under the bus by Donald Trump, has clearly run out of fucks to give, and so now he’s not only reviving the feel-good anti-drug program that convinced kids to take drugs, not only directing fed cops to arrest people who take weed in states where it’s legal — […]
Hey, remember how Bill Clinton doubled down on the War on Drugs, perfecting Reagan’s haphazard and shoddily made race-war into a well-oiled incarceration machine that turned America into the world’s greatest incarcerator, a nation that imprisoned black people at a rate that exceeded Apartheid-era South Africa?
Between election hacks, ransomware, and Devil’s Ivy, the cybersecurity space is booming as malware and hackers become more sophisticated. If you’re interested in pursuing a career in ethical hacking, or just want to secure your own devices, The Super-Sized Ethical Hacking Bundle is a great resource.In this bundle, you’ll learn the fundamental skills of ethical hacking, prepare […]
The TREBLAB X11 Earphones are versatile, offer great sound, and are currently $32.99 in the Boing Boing Store.These Bluetooth earbuds are a great workout companion. They’re totally sweat proof and their ear-fins keep them snugly in place during high activity — something that Apple’s AirPods can only do if you were blessed with precisely the […]
Whether you’re a seasoned entertainment industry veteran or a student working on your first spec script, having the right tool for the job will make a huge difference in your focus and productivity.Final Draft 10 is far and away the world’s best screenwriting software, used extensively by professional film and TV writers at top production […]