SEOUL: Samsung Group heir Jay Y Lee on Tuesday (May 26) was summoned and questioned by prosecutors over a controversial 2015 merger of two of the group's affiliates, Yonhap News Agency said.
Lee is in trials over charges that he bribed a friend of former President Park Geun-hye to seek support for the deal that helped tighten his grip on the group, as he was preparing to take over from ailing patriarch Lee Kun-hee.
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The deal combined construction firm Samsung C&T and fashion and theme-park operator Cheil Industries into a merged entity. It was widely criticised by US hedge fund Elliott Management and other investors who said Samsung's family membRead More – Source
SEOUL: Samsung Group heir Jay Y Lee on Tuesday (May 26) was summoned and questioned by prosecutors over a controversial 2015 merger of two of the group's affiliates, Yonhap News Agency said.
Lee is in trials over charges that he bribed a friend of former President Park Geun-hye to seek support for the deal that helped tighten his grip on the group, as he was preparing to take over from ailing patriarch Lee Kun-hee.
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The deal combined construction firm Samsung C&T and fashion and theme-park operator Cheil Industries into a merged entity. It was widely criticised by US hedge fund Elliott Management and other investors who said Samsung's family membRead More – Source
