South Korean conglomerate Samsung Group said on Monday it could not accept the special prosecutors’ accusations that its leader, Jay Y. Lee, paid bribes to further his succession or the merger of two affiliates in 2015.
“It is difficult to understand the special prosecution’s decision,” Samsung Group said in an email statement in response to the special prosecutors’ decision to request an arrest warrant for Lee, the third-generation leader of South Korea’s top conglomerate.
South Korea’s special prosecutor’s office said on Monday it was seeking a warrant to arrest the head of Samsung Group, the country’s largest conglomerate, accusing him of paying multi-million dollar bribes to a friend of President Park Geun-hye.
The prosecutors also said in their indictment of National Pension Service (NPS) chief Moon Hyung-pyo that he received an order from President Park Geun-hye to help the 2015 merger of Samsung C&T Corp and Cheil Industries Inc succeed.
Moon was indicted on charges of abuse of power and giving false testimony. He was arrested in December after acknowledging ordering the world’s third-largest pension fund to support the $8 billion merger last year of two Samsung Group affiliates while he was head of the health ministry, which oversees the NPS.
Samsung Group chief Jay Y. Lee was questioned for 22 straight hours last week as investigators probed a corruption scandal that resulted in parliament impeaching Park last month.
Lee was also accused of embezzlement and perjury in the prosecution’s application for an arrest warrant.