Prosecutors seek arrest of Samsung heir Lee Jae-yong

2017-01-16 05:21:04 | World | 0 | 420

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South Korean prosecutors are seeking the arrest of Samsung Group heir Lee Jae-yong over allegations of bribery involving President Park Geun-hye. In a statement on Monday, prosecutors investigating the scandal said they asked a Seoul court to issue an arrest warrant for Lee, the son of the Samsung group chairman Lee Kun-hee. Al Jazeera's Harry Fawcett, reporting from Seoul, said charges against Lee include bribery, embezzlement and perjury. "The spokesman [of the prosecution] said the economic impact of all this is important, but justice is more important," our correspondent reported. "That is a sign that there is a recognition of just how big an entity Samsung is, it's revenues worth about fifth of South Korea's GDP. So obviously they weigh this very carefully, before deciding to move ahead and seek the arrest of such a vital part of South Korea's economy." The South Korean news agency Yonhap reported that a court will hold a hearing on Wednesday to review the arrest warrant.

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