South Korea’s special prosecutor said on Sunday it will take into account the economic impact of whether to arrest Samsung Group, leader Jay Y. Lee in connection with an influence-peddling investigation involving the president.
The office also delayed by one day, until Monday, its decision on whether to seek the arrest of Lee, the third-generation leader of South Korea’s largest conglomerate, or chaebol, citing the gravity of the case.
The special prosecution had said it would make a decision on Lee by Sunday. But spokesman Lee Kyu-chul told reporters on Sunday investigators were deliberating all factors including the potential economic impact of the arrest of Jay Y. Lee.
Prosecutors have been investigating whether Samsung provided $25.46 million to a business and foundations backed by President Park Geun-hye’s friend, Choi Soon-sil, in exchange for the national pension fund’s support for a 2015 merger of two Samsung affiliates.
The Samsung chief denied bribery accusations during a parliamentary hearing in December.
Full Content: Reuters
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.