South Korean prosecutor has announced findings on presidential bribery case
Seoul — South Korea’s President Park Geun-hye colluded with her friend Choi Soon-sil to receive bribes from Samsung Group, aimed at cementing Samsung CEO Lee Jae-yong’s control of the company, a special prosecutor said in a statement on Monday. In a statement detailing the findings of its investigation, the special prosecutor’s office said the National Pension Service voted in favour of a merger of two Samsung Group affiliates in 2015, despite anticipating a 138.8-billion won ($119.87m) loss. "Samsung Group vice-chairman Lee Jae-yong colluded with others including the corporate strategy office chief Choi Gee-sung to bribe the president and Choi Soon-sil with an aim to receive support for his succession by embezzling corporate funds," special prosecutor Park Young-soo told a televised news conference. Park, Choi and Lee have all denied wrongdoing. Samsung Group reiterated on Monday that it did not pay bribes or seek illicit favours in response to the special prosecutor’s announcement...
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