Friday, February 17, 2017

Samsung Heir Jay Y. Lee Is Arrested on Bribery Allegations

I would like to pretend that we didn't see this coming from a mile away but....we totally did. Honestly, unless you were totally asleep at the wheel, you knew this was coming.

Samsung Group’s Jay Y. Lee was formally arrested on allegations of bribery, perjury and embezzlement, an extraordinary step that jeopardizes the executive’s ascent to the top role at the world’s biggest smartphone maker. The Seoul Central District Court issued the warrant for Lee’s arrest early Friday. Including procedural steps and appeals, it may take as long as 18 months for a trial and verdict. The decision was made because of the risk that he might destroy evidence or flee, a court spokesperson said.