South Korea’s Constitutional Court removed impeached President Park Geun-hye from office in a unanimous ruling Friday over a corruption scandal that has plunged the country into political turmoil and worsened an already-serious national divide.
South Korea’s special prosecutor accused Jay Y. Lee and other Samsung Group executives of conspiring to create fake documents to mask millions of dollars in bribes funnelled to a confidante of the nation’s president.
The heir to the Samsung dynasty has been charged with bribery and embezzlement in the latest twist in a corruption scandal that has rocked corporate Korea and resulted in country’s president being impeached.
South Korea’s acting leader Hwang Kyo-ahn has refused to extend a probe by special prosecutors into a huge scandal involving impeached President Park Geun-hye, drawing the ire of the country’s opposition parties.
A South Korean special prosecutor may indict Samsung Group executives, including Jay Y. Lee, on Tuesday in connection with an influence-peddling scandal that’s put the heir behind bars and led to the impeachment of President Park Geun-Hye.
Vice-chairman of electronics divisions is alleged to have paid $40m to presidential crony Choi Soon-sil but company denies bribery.
Investigators say the electronics company paid $36m to the disgraced friend of president Park Geun-hye in order to gain government influence.
Samsung Group leader Jay Y. Lee left the South Korean special prosecutor’s office early on Friday after more than 22 hours of questioning on bribery suspicions in an influence-peddling scandal that could topple President Park Geun-hye.
South Korean president impeached on 9 December appears in public to deny claims of wrongdoing, saying she was ‘framed’
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Business pressure to weaken bribery laws and government’s inability to focus on non-Brexit issues are also concerns, says group.
Crime gangs are exploiting corruption at European borders to smuggle vast quantities of illicit goods, a new report warns.
As part of the EU, the UK has to adhere to the Anti-Money Laundering Directive which is looking at transparency of trusts – but not for much longer.
Three units of London-based Barclays Plc have been penalized by Australia’s securities regulator for failing to tell clients they didn’t hold local financial services licenses and instead were regulated overseas.