Korean Prosecutors Seek Revenge for Samsung's Vice Chairman being set Free on Monday
Last August Samsung's Vice Chairman Lee Jae-young was sentenced to a five year prison sentence. At the time the prosecution was angry as they had requested a 12 year sentence. On Monday Lee Jae-young was magically freed by a higher court and the prosecution was both insulted and angered that the abbreviated sentence was then overturned, proving Samsung has now and has for decades had the power to bend the courts in their favor. The 2008 Samsung scandal involving Lee Kun-hee, Lee Jae-young's father, ended in the same fashion. A show was put on to arrest and jail him, only for the court to overturn charges and set him free.
Even though the father remains in the hospital after a 2014 heart attack, the prosecution immediately went after the father yesterday on tax evasion to the tune of over US$367 million. Today, the prosecution office is once again on the war path against Samsung.
A Korean report this morning states that "Prosecutors raided the offices of Samsung Electronics and a house in Seoul belonging to a former Samsung executive as part of their investigation into a scandal involving former President Lee Myung-bak.
Through Feb. 8-9, inspectors from the Seoul Central Prosecutors' Office conducted the raid at several locations including the Samsung headquarters and R&D center in southern Seoul, and the house of former vice chairman Lee Hak-soo, who was the right-hand man to ailing Samsung Chairman Lee Kun-hee." It is said that the prosecution has found suspicious money transactions between DAS, an auto parts supplier, and the tech giant."
For more of the details of this investigation, read the full Korea Herald report here.
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