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Samsung Head Lee Jay-yeong To Face Bribery And Embezzlement Charges In South Korea

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Samsung vice chair Lee Jae-yong

The heir apparent to the Samsung throne and current vice-Chairman, Lee Jay-yong, is currently facing charges of bribery and embezzlement in his home country of South Korea.

Prosecutors have indicted Lee on the charges, with the de-facto hed of the giant global electronic appliances corporation accused of paying bribes to receive government favours from the administration of former President Park Geun-hye.

Ms Park was recently impeached as part of a similar financial malfeasance scandal.

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Allegations against Lee revolve around him paying money to a close associate of the former President to win favours from the government.

He has reportedly paid over 41bn won ($36m) to charities run by Choi Soon-sil, a close ally of the former President.

Lee, the grandson of Samsung founder Lee Byung-chul, currently serves as vice-Chairman of the group, and serves as stand in for his father, Samsung Chairman Lee Kun-hee, who’s has been ill for the past few years.

Four other executives of the organisation were indicted alongside Lee, with all four resigning their posts in the wake of the scandal.

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