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After being charged back in February (and a month’s stint in jail), Samsung’s acting head Lee Jae-yong could now face up to twelve further years in prison over his role in a corruption scandal that forced South Korea’s president out of office. Prosecutors are looking for a heavy sentence as Samsung’s involvement points to the […]
Enlarge (credit: Dave Barger) In many developing countries, the struggle for economic growth is set back by rampant corruption. According to figures in a new study of the issue, people in urban areas of Kenya typically pay bribes 16 times a month. That’s a drain on the economy, and it adds a layer of complexity […]
Brazilian President Michel Temer is facing mounting impeachment calls from politicians and the public, who are outraged over alleged secret payoffs. It comes less than a year after the impeachment of ex-leader Dilma Rousseff, also over corruption claims. Prosecutors have reportedly been provided with recordings in which Joesley Batista, one of the two brothers who […]
REUTERS/Kim Hong-Ji SEOUL (Reuters) – South Korean prosecutors on Monday charged ousted president Park Geun-hye and Lotte Group chairman Shin Dong-bin with bribery in the latest twist to a corruption scandal that rocked the country for months. Prosecutors charged Shin without detaining him. The retail giant Lotte, with interests ranging from hotels and retail to […]
AP Photo/Ahn Young-joon Seoul (AFP) – The heir to the Samsung empire and four other top executives from the world’s biggest smartphone maker were indicted Tuesday on multiple charges including bribery and embezzlement, South Korean prosecutors said. “Special prosecutors today indicted Samsung Electronics vice chairman Lee Jae-Yong… for bribery, embezzlement, hiding of assets overseas… and […]
Following his arrest, Samsung Vice-Chairman Lee Jae-yong will be indicted on charges of bribery, embezzlement and two other crimes, according to Bloomberg and The Wall Street Journal. It’s the start of legal proceedings that could put Lee in jail for years, stalling a planned succession due to his father’s heart attack and hospitalization. Four other […]
Samsung’s heir apparent, Lee Jae-yong, will be indicted on multiple charges including bribery and perjury in his native South Korea, The Wall Street Journal and Bloomberg report. The country’s special prosecutor plans to indict Lee along with another four executives, a spokesperson for the body told reporters on Tuesday, in relation to bribes allegedly given […]
Samsung Electronics says it is taking measures to enhance transparency and oversight over donations made to third parties, following the arrest of Samsung Group heir Lee Jae-yong in connection with a bribery investigation that led to the impeachment of South Korean President Park Geun-hye. In a press release on Friday, Samsung Electronics said that any […]
Enlarge / Lee Jae-yong, vice chairman of Samsung, seen here leaving a court hearing in January 2017. (credit: Chung Sung-Jun/Getty Images) On Friday morning local time, Lee Jae-yong, the vice chairman of Samsung, was taken into custody at the Seoul Detention Centre shortly after the Seoul Central District Court issued a warrant for his arrest on […]
Enlarge / A red light camera is located at La Brea Ave. and Santa Monica Blvd. in Los Angeles. (credit: Glenn Koenig / Getty Images News) Redflex, the embattled red-light camera vendor, has agreed to pay $ 20 million to the City of Chicago as part of its recent deal with federal prosecutors. The formal […]
