Samsung Chief Lee Arrives For Hearing on Arrest Warrant

Samsung Group leader Jay Y. Lee arrived at a prosecutor's office in Seoul on Wednesday en route to a court hearing, where a judge will decide whether he should be arrested over his alleged role in a corruption scandal that has rocked South Korea.

The 48-year-old Lee, wearing a dark overcoat and purple necktie, did not answer questions from reporters as he entered the special prosecutor's office, from where he was due to be driven to the Seoul Central District Court.

A special prosecutor on Monday said it would seek a warrant to arrest the third-generation leader of the country's largest conglomerate on suspicion of bribery, embezzlement and perjury.

Lee, questioned last week for 22 straight hours at the prosecutor's office in Seoul, has denied wrongdoing.

The influence-peddling scandal led parliament last month to impeach President Park Geun-hye, a decision that if upheld by the Constitutional Court will see her become the country's first democratically-elected leader forced from office early.

Park, 64, has denied wrongdoing.

Source fortune..

  • January 10, 2017SAP Introduces Jump-Start Enablement Program for SAP Leonardo IoT Portfolio

    SAP SE (NYSE: SAP) today announced a jump-start enablement program for its Internet of Things (IoT) innovation portfolio. The program is intended to... source

  • January 17, 2017Apple to thoroughly upgrade MacBooks in 2017

    Apple saw itself at the centre of plenty of controversy in 2016, whether it was because of tax rulings, the ‘courage’ to remove a headphone port, or the the port-lite, battery-draining and underpowered MacBook Pro.source

  • January 18, 2017Financial Industry Under Threat: Study Shows Top 3 Imperatives in 2017

    Financial services firms have long pioneered the use of advanced technologies, but a new study shows executive may be overstating their digital bona fides.source