An arrest warrant asked for Samsung Electronics Vice Chairman in corruption scandal


A local court will decide Wednesday if Lee will be put behind bars. Lee is suspected of providing Choi and her cronies with a total of 43 billion won ($36.37 million) in return for Cheong Wa Dae exerting influence for a merger of its affiliates in 2015. In return for the funds, Cheong Wa Dae is suspected of having pressured the National Pension Service (NPS), which held a deciding vote in the merger of Samsung C&T and Cheil Industries, to support the move, even though the it was expected to generate losses for the NPS. Samsung Group issued a statement saying, “It is difficult to understand the decision of the counsel team. The group did not, by any means, provide funds (for Choi and her cronies), in return for any favors.”


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