Lee Jae-yong

Picture copyright
Getty Photos

Samsung chief Lee Jae-yong is being questioned for a second time as a suspect in South Korea’s greatest political corruption scandal.

Prosecutors are anticipated to determine this week if they’re going to search an arrest warrant for Mr Lee.

The agency is accused of giving donations to non-profit foundations run by a confidante of President Park Geun-hye in alternate for political favours.

“I’ll as soon as once more inform the reality,” Mr Lee advised reporters earlier than the listening to.

The Samsung chief had already been questioned with a number of different company executives in January however a subsequent courtroom ruling determined there was insufficient grounds for an arrest.

But throughout the previous weeks investigators reviewed the case and determined there have been new features that required additional questioning.

The claims in opposition to the corporate revolve round a merger between the electronics large’s development arm, Samsung C&T, and an affiliate agency, Cheil Industries.

The prosecution alleges that Samsung gave 2.8m euros ($three.1m; £2.5m) to an organization co-owned by Park confidante Choi Quickly-sil and her daughter, in return for political help for the deal.

The scandal led to President Park being impeached final December.

Picture copyright

Picture caption

To President Park’s opponents, she is a political puppet

Lee Jae-yong, also called Jay Y. Lee, first gave proof in entrance of a parliamentary listening to in December final yr. Since January he has been handled as an official suspect within the case.

On the parliamentary listening to, Samsung admitted giving a complete of 20.4bn gained (£16m; $17.46m) to the 2 foundations, however denied searching for favours in return.

And Mr Lee additionally confirmed the agency gave a horse and money to assist the equestrian profession of Ms Choi’s daughter, Chung Yoo-ra, one thing he stated he now regretted.

Mr Lee is presently vice-chairman of Samsung Electronics. However since his father, Lee Kun-hee, suffered a coronary heart assault in 2014, he’s thought-about de facto boss of your entire Samsung Group conglomerate.

Politicians voted on 9 December to question President Park over the scandal – a call South Korea’s constitutional courtroom has six months to uphold or overturn.

Till then she stays formally president however stripped of her powers, that are handed to the prime minister, a presidential appointee.

Ms Choi is on trial for expenses together with corruption and coercion.

Ms Park’s place started to unravel in October final yr when particulars of her friendship with Ms Choi started to emerge.

They included revelations that the president had allowed her previous buddy – who holds no authorities position – to edit political speeches.

Since then, lots of of hundreds of protestors have gathered each weekend in Seoul to demand Ms Park stands down.

Ms Park denies wrongdoing however has apologised for the way in which she managed her relationship with Ms Choi, who additionally denies committing felony offences.