Skip to content
October 24, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • National News
  • South Korea president accused in Samsung bribery saga
  • National News

South Korea president accused in Samsung bribery saga

Admin March 6, 2017

South Korean President Park Geun Hye conspired to take bribes from technology giant Samsung and engaged in a pattern of influence-peddling and abuse of powers, a special prosecutor said Monday. Independent counsel Park Young Soo announced the results of a 70-day probe into a scandal that already has led to the indictment of 30 people, including Samsung heir Lee Jae Yong and President Park’s longtime confidant Choi Soon Sil.

The prosecutor confirmed the president is suspected of colluding with Choi to take bribes from Samsung’s Lee in return for business favors. The prosecutor also linked Park to illegal blacklisting by her aides of almost 10,000 liberal-leaning writers, artists and other cultural figures deemed critical of her administration.

President Park, who was impeached in December, issued a statement through her lawyer Yoo Yeong Ha rejecting the allegations and denouncing the special prosecutor as “politically biased,” South Korea’s Yonhap news agency reported. Park has repeatedly blamed political foes for her troubles, saying she was framed.

Samsung issued a statement saying it also disagreed with the findings. “Samsung has not paid bribes nor made improper requests seeking favors. Future court proceedings will reveal the truth,” the statement said.

Lee and four other senior Samsung executives were indicted last week on charges including embezzlement and bribery. Lee is accused of paying more than $35 million in bribes to entities run by Choi in return for government backing of a merger of two Samsung affiliates in 2015. Lee, 48, faces trial Thursday on charges that could bring a 20-year prison sentence.

Samsung Electronics’ link to a scandal that has gripped South Korea and lead to the impeachment of its President deepened Tuesday after authorities formally charged the heir to the company’s founder with bribery and embezzlement. Newslook

Park, 65, has asked a constitutional court to reinstate her powers and can’t face charges while in office. If the court does not remove her, she would remain president until February 2018. Prime Minister Hwang Kyo Ahn is serving as acting president.

The probe had also looked into admissions fraud surrounding Choi’s daughter Chung Yoo Ra, President Park’s secretive medical treatments and calls she made from a phone under a borrowed name. The independent counsel’s request to extend the probe period was denied by Hwang.

The state prosecutor’s office said its team of investigators, which indicted Choi in November, has received the special prosecutor’s information and will take over the probe.

Park is South Korea’s first female president and the daughter of Park Chung Hee, who led the nation as its president and dictator for 18 years until his assassination in 1979.

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: mainnews mainnews2 newsbar newsticker recommended

Post navigation

Previous Again, naira rebounds, sells at N460 to a dollar
Next My daughter is blackmailing Apostle Suleiman, says Stephanie’s father

Related Stories

Nigerian Navy Uncovers 132,000 Litres of Suspected Stolen Crude Oil in Rivers Naval rating arrested
  • National News

Nigerian Navy Uncovers 132,000 Litres of Suspected Stolen Crude Oil in Rivers

October 23, 2026
1 die, 3 injured in alleged attack on NDC candidate’s convoy in Ebonyi
  • National News

1 die, 3 injured in alleged attack on NDC candidate’s convoy in Ebonyi

October 23, 2026
NPF Operations Yield Major Breakthroughs: 34 Suspects Arrested, Kidnap Victims Rescued Across 11 States Police
  • National News

NPF Operations Yield Major Breakthroughs: 34 Suspects Arrested, Kidnap Victims Rescued Across 11 States

October 23, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

Nigerian Navy Uncovers 132,000 Litres of Suspected Stolen Crude Oil in Rivers Naval rating arrested
  • National News

Nigerian Navy Uncovers 132,000 Litres of Suspected Stolen Crude Oil in Rivers

October 23, 2026
1 die, 3 injured in alleged attack on NDC candidate’s convoy in Ebonyi
  • National News

1 die, 3 injured in alleged attack on NDC candidate’s convoy in Ebonyi

October 23, 2026
NPF Operations Yield Major Breakthroughs: 34 Suspects Arrested, Kidnap Victims Rescued Across 11 States Police
  • National News

NPF Operations Yield Major Breakthroughs: 34 Suspects Arrested, Kidnap Victims Rescued Across 11 States

October 23, 2026
Police Arrest 7 Over Kuje Kidnap, Murder Of Woman Who Resisted Rape Police
  • Crime and Justice

Police Arrest 7 Over Kuje Kidnap, Murder Of Woman Who Resisted Rape

October 23, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.