Business

Samsung Vice Chairman Lee Jae-Yong Arrested On Charges Of Bribery

News World India | 0
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| February 17 , 2017 , 10:13 IST
[caption id="attachment_246395" align="aligncenter" width="660"]Samsung Vice Chairman Lee Jae Yong Samsung Vice Chairman Lee Jae Yong[/caption] The South Korean authorities on Friday arrested Samsung Head Lee Jae-yong, on bribery charges. Lee is accused of making improper payments to the nation's president, Park Geun-Hye, and her associate Choi Soon-sil in a major scandal. Lee Jae-yong is also known as Jay Y Lee. The New York Times confirmed the report of Lee’s arrest. Earlier in February, the Seoul Central District Court had denied an application to arrest Lee, who also stands accused of embezzlement and perjury. Lee was arrested at a detention centre where had he been waiting to learn whether the effort to arrest would be approved. Lee started out at Samsung Electronics in 1991, working his way up to vice chairman in 2013.