South Korea prosecutors to charge Samsung Group chief and four other executives


  • World
  • Tuesday, 28 Feb 2017

Samsung Group chief, Jay Y. Lee, arrives at the office of the independent counsel in Seoul, South Korea, February 16, 2017. Koo Yoon-sung/News1 via REUTERS

SEOUL (Reuters) - South Korean prosecutors charged Samsung Group [SARG.UL] chief Jay Y. Lee with bribery and embezzlement on Tuesday as the top conglomerate announced the dismantling of its corporate strategy office, the latest developments in a graft scandal that has rocked the country.

Jay Y. Lee, 48, was arrested on Feb. 17 over his alleged role in the corruption scandal involving impeached President Park Geun-hye, dealing a fresh blow to the standard-bearer for Asia's fourth-largest economy.

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