Breaking News

ENDORFY introduces Atlas Electric desks Sony Unveils LinkBuds Clip Open Earbuds be quiet! enters high-end gaming mouse market with Dark Perk Ergo and Dark Perk Sym ASUS ROG announces ROG Strix GS-BE7200 Dual-Band WiFi 7 Gaming Router Transcend Launches RDE3 microSD Express Card Reader for Next-Generation High-Speed Performance

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

Samsung Heir Questioned in Succession Probe

Samsung Heir Questioned in Succession Probe

Enterprise & IT May 26,2020 0

South Korean prosecutors on Tuesday summoned Samsung Electronics Co. Vice Chairman Jay Y. Lee for questioning in an investigation into alleged accounting fraud and a controversial 2015 merger of two Samsung affiliates.

Lee is already facing court trial over a charge of bribery aimed at winning support to succeed ailing group patriarch Lee Kun-hee, and which involved former South Korean President Park Geun-hye.

Prosecutors have been investigating suspected accounting fraud at drug company Samsung Biologics after the Korean financial watchdog complained the firm’s value had been inflated by 4.5 trillion won ($3.64 billion) in 2015.

They have alleged that Biologics had violated accounting rules to help improve the value of its major owner Cheil Industries, which counted Lee as its top shareholder, according to Yonhap News Agency.

The prosecutors’ office confirmed Lee was summoned for questioning.

Samsung declined to comment.

Lee, 51, served a one-year detention over the bribery case until it was suspended in 2018, but the possibility of a tougher sentence has emerged after the Supreme Court overturned a lower court ruling on the case last year.

Earlier this month Lee apologized for the bribery scandal and pledged that he would not pass on the company founded by his grandfather to his children.

Tags: SAMSUNG
Previous Post
Japan Electronics Show CEATEC Goes Online in October
Next Post
Samsung Develops New Security Chip For Mobile Devices

Related Posts

  • Samsung Unveils 115” 4K Smart Signage Display

  • Galaxy AI Is Coming to New Galaxy Watch for More Motivational Health

  • Samsung Introduces Galaxy A55 5G and Galaxy A35 5G

  • Samsung’s New AI PC, Galaxy Book4 Series, Available Globally Beginning February 26

  • Samsung and Google Cloud Join Forces to Bring Generative AI to Samsung Galaxy S24 Series

  • Samsung Galaxy S24 Ultra Creates New Standards of Durability and Visual Clarity With Corning® Gorilla® Armor

  • Samsung announces 2024 Neo QLED, MICRO LED, OLED

  • Samsung Electronics Expands Odyssey Gaming Monitor Lineup With New OLED Models at CES 2024

Latest News

ENDORFY introduces Atlas Electric desks
Gadgets

ENDORFY introduces Atlas Electric desks

Sony Unveils LinkBuds Clip Open Earbuds
Consumer Electronics

Sony Unveils LinkBuds Clip Open Earbuds

be quiet! enters high-end gaming mouse market with Dark Perk Ergo and Dark Perk Sym
Gaming

be quiet! enters high-end gaming mouse market with Dark Perk Ergo and Dark Perk Sym

ASUS ROG announces ROG Strix GS-BE7200 Dual-Band WiFi 7 Gaming Router
Enterprise & IT

ASUS ROG announces ROG Strix GS-BE7200 Dual-Band WiFi 7 Gaming Router

Transcend Launches RDE3 microSD Express Card Reader for Next-Generation High-Speed Performance
Cameras

Transcend Launches RDE3 microSD Express Card Reader for Next-Generation High-Speed Performance

Popular Reviews

be quiet! Dark Mount Keyboard

be quiet! Dark Mount Keyboard

Terramaster F8-SSD

Terramaster F8-SSD

be quiet! Light Mount Keyboard

be quiet! Light Mount Keyboard

Soundpeats Pop Clip

Soundpeats Pop Clip

Akaso 360 Action camera

Akaso 360 Action camera

Dragon Touch Digital Calendar

Dragon Touch Digital Calendar

be quiet! Pure Loop 3 280mm

be quiet! Pure Loop 3 280mm

Noctua NF-A12x25 G2 fans

Noctua NF-A12x25 G2 fans

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed