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Prosecutors raid Samsung offices in S. Korea

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Jim K    13,088

The hits keep on coming for Samsung.

Quote

Prosecutors raided Samsung Electronics Co.'s offices in Seoul on Tuesday amid allegations that it provided illicit favors to the daughter of Choi Soon-sil, President Park Geun-hye's close friend at the center of an influence-peddling scandal.

The prosecution said it raided the offices in charge of external affairs, located in the group's headquarters in southern Seoul, and confiscated documents related to Samsung's business with the Korea Equestrian Federation. The federation is suspected of giving undue favors to Choi's daughter Chung Yoo-ra.

The office of Park Sang-jin, chief of external affairs at Samsung Electronics and president of the sports federation, was also included on the raid list, according to prosecutors.

It was the first time in eight years that the headquarters of the country's largest conglomerate has been raided by prosecutors.

Prosecutors here have been looking into allegations that Samsung sent 2.8 million euros ($3.1 million) to a company owned by Choi in Germany, under the name of a consulting arrangement, to fund her daughter's equestrian training.

 

/snip

 

More at  The Korea Times

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+Jimmy1    10,382
8 minutes ago, jjkusaf said:

The hits keep on coming for Samsung.

 

More at  The Korea Times

I know it's an expensive hobby.   But 3 million?   That most likely got her the best house, or a couple of amazing ones.   Training cannot cost so much.

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