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Samsung boss awaits judge's call on his arrest

Tuesday, January 17, 2017 - 01:06

Samsung Group leader Jay Y Lee arrives in court for a hearing to decide whether he should be arrested on suspicion of bribery, embezzlement and false testimony. Ryan Brooks reports.

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Samsung leader Jay Y Lee marched into his courtroom hearing on Wednesday (January 18) morning and his next stop could be jail. The billionaire businessman has a long day ahead of him waiting on a South Korean judge to decide if he should be arrested for his role in a sweeping corruption scandal. That decision could come well past midnight. Prosecutors want Lee arrested on charges of bribery, embezzlement and false testimony. They say he paid more than 36 million dollars to organizations linked to Chou Soon-sil a close friend of disgraced President Park Guen-hye at the centre of the scandal in exchange for political favors. Lee was grilled by investigators for 22 hours straight last week, and denies any wrongdoing. On Tuesday, prosecutors said they wouldn't seek arrest warrants for three other Samsung Group executives. That decision, based on damage limitation for the company. Lee's vast empire makes up 17 percent of South Korea's economy meaning a problem for Samsung is a problem for the country.

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Samsung boss awaits judge's call on his arrest

Tuesday, January 17, 2017 - 01:06