Prosecutor To Seek Arrest Warrant For Samsung Chief

Key Points: South Korea Prosecutor , Samsung Electronics Co, Lee Kyu-chul, conglomerate, and President Park Geun-hye

The special prosecutor’s office accused Lee of paying bribes total 43 billion won ($36.42 million) to organizations linked to Choi Soon-sil, a friend of the president who is at the center of the scandal, in order to secure the 2015 merger of two affiliates and cement his control of the family business.

Prosecutors have been looking into whether Samsung’s support for foundations and a company backed by Choi was linked to the National Pension Service’s 2015 decision to support a controversial $8 billion merger of Samsung C&T Corp and Cheil Industries Inc.

Samsung has acknowledged providing funds to the institutions but has repeatedly denied accusations of lobbying to push through the merger. Lee may face several charges, including bribery, over his alleged role in a corruption scandal that could unseat President Park Geun-hye.

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