Samsung boss Jay Lee faces D-Day

Lee Jae-yong, front, a vice chairman of Samsung Electronics arrives for the hearing at the Seoul Central District Court in Seoul, South Korea in this January file photo. AP Photo/Lee Jin-man

Lee Jae-yong, front, a vice chairman of Samsung Electronics arrives for the hearing at the Seoul Central District Court in Seoul, South Korea in this January file photo. AP Photo/Lee Jin-man

Published Feb 15, 2017

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Soeul - South Korean special prosecutor’s office will decide no later than Wednesday whether to request an arrest warrant for Samsung Group chief Jay Y Lee, a suspect in a graft investigation that may topple President Park Geun-hye.

Lee, the third-generation leader of the country’s top conglomerate, was questioned for more than 15 hours after being summoned by the special prosecution on Monday.

He is accused of pledging payments to a company and organisations backed by Park’s confidant, Choi Soon-sil, to win support for a 2015 merger of two Samsung affiliates.

“There will be a decision on whether to make another arrest warrant request for him between today and tomorrow,” special prosecutor’s office spokesman Lee Kyu-chul told reporters yesterday in a briefing.

The office will decide at the same time on whether to seek arrest warrants for four other Samsung Group executives which had been identified as suspects in its investigation.

A Samsung Group spokesperson declined to comment.

Park was impeached by the South Korean parliament in December after accusations that she colluded with her long-time friend, Choi, to pressure big businesses to donate to two foundations set up to back the president’s policy initiatives.

Both women deny any wrongdoing.

Park, 65, and the daughter of a former military ruler of the country, remains in office, but has been stripped of her powers while the Constitutional Court decides whether to uphold the impeachment.

If the court rules to uphold the impeachment vote, Park would be South Korea’s first elected leader to be forced from office and a presidential election would have to be held.

Read also:  Samsung chief appears for 2nd round of questions in graft probe

The special prosecutor has focused on the Samsung Group’s relationship with Park, accusing Lee in his capacity as Samsung chief of pledging 43 billion won (R496 million) to win support for the 2015 merger of Samsung C&T Corporation and Cheil Industries.

Lee, 48, has denied any wrongdoing.

Last month, a court rejected the prosecution’s first request for an arrest warrant for the Samsung chief.

The office yesterday declined to comment on whether it had any new evidence against him or other Samsung executives.

Proving illicit dealings between Park, or those linked to her, and the Samsung Group is critical for the special prosecutor’s case that ultimately targets Park, analysts have said.

Prosecution spokesman Lee said the office had told parliament that it needed to extend the investigation period.

The office can seek a 30-day extension to its current deadline of February 28.

The office of acting president Hwang Kyo-ahn, who must sign off on any such extension, could not be immediately reached for comment. 

REUTERS

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