{"id":23584,"date":"2017-03-03T11:09:28","date_gmt":"2017-03-03T11:09:28","guid":{"rendered":"http:\/\/www.biphoo.com\/bipnews\/?p=23584"},"modified":"2017-03-03T11:09:28","modified_gmt":"2017-03-03T11:09:28","slug":"samsung-chiefs-trial-century-start-next-week","status":"publish","type":"post","link":"https:\/\/www.biphoo.com\/bipnews\/world-news\/samsung-chiefs-trial-century-start-next-week.html","title":{"rendered":"Samsung chief’s trial of the century\u00a0to start next week"},"content":{"rendered":"

\n\tSamsung chief's trial of the century to start next week<\/span><\/span><\/strong><\/span>
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\n\tSamsung chief's trial of the century to start next week:- Samsung Group leader Jay Y. Lee will go on trial for bribery and embezzlement on Thursday, a court said, amid a corruption scandal that has rocked South Korea and led to the impeachment of the president.<\/span><\/span><\/span>\n<\/p>\n

\n\tLee, the 48-year-old third-generation leader of the country's top conglomerate, was indicted on Tuesday on charges including pledging 43 billion won ($37.24 million) in payments to a confidant of President Park Geun-hye.<\/span><\/span><\/span>\n<\/p>\n

\n\t"We are preparing hard, thinking that the upcoming Samsung trial … could be the trial of the century that the entire world will be watching," special prosecutor Park Young-soo told reporters.c<\/span><\/span><\/span>\n<\/p>\n

\n\tThe Samsung scion's hearing will be held in a court that can accommodate more than 150 people, according to the Seoul Central District Court's court database.<\/span><\/span><\/span>\n<\/p>\n

\n\tLee, who was arrested on Feb. 17, was charged with bribery and embezzlement in a case that has dealt a blow to the standard bearer for Asia's fourth-largest economy.<\/span><\/span><\/span>\n<\/p>\n

\n\tSamsung Group declined to comment but has denied wrongdoing.<\/span><\/span><\/span>\n<\/p>\n

\n\tAmong the charges against Lee are pledging bribes to a company and organizations tied to Park's confidant, Choi Soon-sil, the woman at the center of the scandal, to cement his control of the smartphones-to-biopharmaceuticals business empire.<\/span><\/span><\/span>\n<\/p>\n

\n\tThe funding also included Samsung's sponsorship of the equestrian career of Choi's daughter, prosecutors say.<\/span><\/span><\/span>\n<\/p>\n

\n\tLegislation appointing the special prosecutor states that the trial should be finished in three months.<\/span><\/span><\/span>\n<\/p>\n

\n\tPresident Park, 65, daughter of a former military strongman, has had her powers suspended since her impeachment by parliament in December.<\/span><\/span><\/span>\n<\/p>\n

\n\tShould the Constitutional Court uphold the impeachment, she would become the country's first democratically elected president to be thrown out of office.<\/span><\/span><\/span>\n<\/p>\n

\n\tA decision is expected this month.<\/span><\/span><\/span>\n<\/p>\n

\n\tSource:- http:\/\/www.reuters.com\/article\/us-southkorea-politics-samsung-group-idUSKBN16A0IW<\/span><\/span><\/span><\/p>\n

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