Samsung Group’s leader, Lee Jae-yong has been arrested, as per the court orders of South Korea. He along with another associate were questioned behind closed doors yesterday regarding a bribery scandal that engulfed South Korea’s president.
Lee was arrested on allegations of bribery, perjury and embezzlement, according to a Reuters report. Lee was held back in a detention center following court hearings on claims that said, Samsung bribed about $38 million in favor for combining two Samsung affiliate units.
The district court of Seoul initially rejected the request to arrest Lee back in January as there was no enough evidence, but changed its decision after a special prosecutor’s office provided more evidence.
At a parliament hearing last December, Park admitted that he had private meetings with the South Korea’s president Park and had gifted a horse worth $875,000 to the daughter of Park’s confidante Choi Soon-sil. However, at the hearing Lee denied looking for political favors or support for the merger in the return for his gift.
Lee took up the leadership position at Samsung after his father, the company’s former chairman, who had to be hospitalized in 2014 after a heart attack. It might take about 18 months for a trial and verdict, according to a Bloomberg report.