Lee Jae-Yong, Samsung Chief, was questioned by the prosecutor’s office located in Seoul concerning one of South Korea’s largest political corruption scandals.
The tech giant has been accused that it offered donations in several non-profit organizations linked to Choi Soon-sil, a confidante of President Park Geun-hye, reports BBC Business.
It is alleged that this contribution was made in exchange of political support that would facilitate a controversial merger.
Mr Lee while speaking to reporters said that he was deeply apologetic for having failed to depict a positive image of the firm.
However, Mr Lee seems to be used to making apologies. Four years ago he had to take his son off a school after it was revealed he took a position meant for the underprivileged.
The current saga may see him make many more apologies.
We asked for no favors
During the parliamentary hearing held in late December, Samsung admitted that it gave $17.46m to two foundations but added that it asked for no favors.
In addition to that, Mr Lee revealed that the company issued a horse and money to assist the career of Ms Choi’s daughter, Chung Yoo-ra and now says he regrets his actions.
Mr Lee is currently vice-chairman of Samsung Electronics. But since his father, Lee Kun-hee, suffered a heart attack in 2014, he is considered de facto boss of the entire Samsung Group conglomerate.
War on Corruption
On 9th December 2016, South Korea’s politicians cast a vote in support of an impeachment motion against President Park regarding the same scandal. The final decision now rests in the hands of the country’s constitutional court.
As at the moment, she is still the formal president but as no powers. They have all been transferred to the prime minister, a presidential appointee.
Among the things Ms Choi is accused of include corruption and coercion.
Via BBC Business
The problems began to face Ms Park in October last year after it was revealed that she enjoys a close relationship with Ms Choi.
It was later on revealed that the president allowed her old friend, who has no role in government, to edit most of the presidential speeches.
Immediately after the revelation, thousands of protests emerged all over the country calling for the president to step down.
Ms Park has insisted that she did no wrong but has apologized for the way she has managed her relationship with Ms Choi, who also denies all the allegations.