i didnt make decisions samsung heir tells corruption trial
Last Updated : GMT 09:03:51
Almaghrib Today, almaghrib today
Almaghrib Today, almaghrib today
Last Updated : GMT 09:03:51
Almaghrib Today, almaghrib today

I didn't make decisions, Samsung heir tells corruption trial

Almaghrib Today, almaghrib today

Almaghrib Today, almaghrib today I didn't make decisions, Samsung heir tells corruption trial

Lee Jae-Yong, the vice-chairman of Samsung Electronics
Seoul - Al Maghrib Today

The heir to the world's top smartphone maker Samsung had no role in decision-making at the wider group, he told a court Wednesday in his trial for corruption over the scandal that brought down South Korea's last president.

It was the first time Lee Jae-Yong, vice chairman of Samsung Electronics and the son of the Samsung Group chairman Lee Kun-Hee, had been interrogated by prosecutors since the high-profile proceedings began in March.

The 49-year-old, under detention while the trial is underway, bowed slightly towards the three judges on the podium as he took the stand in Seoul, with his co-defendants, an army of lawyers, and a packed courtroom looking on.

Lee and four other executives are accused of bribing the powerful confidante of then-President Park Geun-Hye with millions of dollars to win presidential favours and ease a controversial 2015 merger deal.

At the time the group's elite Future Strategy Office (FSO) dictated the vast group's overall direction and major business decisions.

"I have never attended a single one" of the weekly FSO-led meetings for the heads of Samsung units, he said. "I have no idea what is being discussed."

Samsung -- the world's biggest smartphone and memory chip maker -- is also South Korea's largest business group with revenues equivalent to about a fifth of the country's GDP.

The takeover deal was seen as a key step in ensuring an untroubled power transfer to Lee from his father, who suffered a heart attack in 2014 and remains incapacitated.

Lee said he was "directly and actively involved in the management decisions at Samsung Electronics".

But despite his senior position and the absence of his father -- which effectively left him at the helm of the group -- Lee said his knowledge of other industries "was far more limited".

"So I rarely expressed my opinions on these areas and mostly listened to other executives," he told the court. "Since the chairman became bedridden, I've tried to learn more."

He "just followed the advice" of the FSO over the merger, he added.

- Not in charge -

Park was formally impeached and removed from power in March after public uproar over her questionable ties with confidante Choi Soon-Sil sparked mass nationwide protests for months.

Choi -- daughter of a shady late religious figure who was Park's mentor for decades -- is currently on trial for using her presidential ties to force top South Korean firms including Samsung to "donate" nearly $70 million to non-profit foundations which she controlled.

Park is also detained and on trial on 18 charges including coercion, abuse of power and bribery for offering policy favours to tycoons who bribed Choi.

She is also accused of letting Choi, who has no title or security clearance, handle a wide range of state affairs including the nominations of senior officials and even her daily wardrobe choices.

Park has denied all wrongdoing and blamed Choi for abusing their friendship.

Samsung, the single largest donor to Choi's foundations, also separately gave her millions of euros to bankroll her daughter's equestrian training in Germany.

Lee has denied all wrongdoing, arguing he was not aware of Choi's existence until recently, and that Samsung was pressured to pay the money and did not seek any policy favours in return.

Choi Gee-Sung, a former Samsung Electronics vice chairman and a co-defendant, took the blame in his testimony on Wednesday, saying Lee was not involved in decisions made by other senior executives such as himself.

He was head of the FSO until he stepped down in February, and is accused of approving a payment of millions of euros to finance the confidante's daughter.

"Lee could express his opinions as a major shareholder but we did not report to him or did not need to get his approval formally," said Choi Gee-Sung.

Lee "was not in a position to meddle with the group's affairs, and he himself always tried not to do so", he said, adding he did not tell him about Choi or her daughter.

Lee also said he had never been told about Samsung's donations to the Choi-controlled foundations or financial support for her daughter -- until the scandal emerged last year.

"It was then I was told that we had a problem... but I never imagined then that I would be sitting here like this," he told prosecutors.

Lee said he did not press Samsung executives for more details when the scandal broke out, since he "knew so little and could not help solve the situation anyway".

Samsung shares have leaped in recent months, even while Lee and other defendants have been detained in custody, as profits have soared.

Source: AFP

almaghribtoday
almaghribtoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

i didnt make decisions samsung heir tells corruption trial i didnt make decisions samsung heir tells corruption trial

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

i didnt make decisions samsung heir tells corruption trial i didnt make decisions samsung heir tells corruption trial

 



Almaghrib Today, almaghrib today Skincare PR Performance Full Year 2017

GMT 09:22 2018 Monday ,22 January

Skincare PR Performance Full Year 2017
Almaghrib Today, almaghrib today New hunt for flight MH370 gets under way

GMT 11:03 2018 Wednesday ,24 January

New hunt for flight MH370 gets under way
Almaghrib Today, almaghrib today Modern colorful bedroom renovation

GMT 10:57 2017 Thursday ,21 December

Modern colorful bedroom renovation
Almaghrib Today, almaghrib today Puigdemont candidate for Catalan president

GMT 13:56 2018 Tuesday ,23 January

Puigdemont candidate for Catalan president
Almaghrib Today, almaghrib today Turkey detains dozens more

GMT 10:47 2018 Wednesday ,24 January

Turkey detains dozens more
Almaghrib Today, almaghrib today The Rake announces editorial updates

GMT 10:46 2018 Tuesday ,16 January

The Rake announces editorial updates
Almaghrib Today, almaghrib today Europe brings on charm and blue skies

GMT 11:51 2018 Tuesday ,23 January

Europe brings on charm and blue skies
Almaghrib Today, almaghrib today For the Variety of Interior Design Styles

GMT 10:46 2017 Tuesday ,19 December

For the Variety of Interior Design Styles
Almaghrib Today, almaghrib today US Christian tourists see deep meaning

GMT 13:44 2018 Monday ,22 January

US Christian tourists see deep meaning
Almaghrib Today, almaghrib today Amazon to open first cashierless shop

GMT 10:03 2018 Tuesday ,23 January

Amazon to open first cashierless shop

GMT 14:53 2016 Tuesday ,01 November

New Global Destination campaign

GMT 05:36 2016 Thursday ,25 August

Giant panda Kai Kai celebrates 8th birthday in Macao

GMT 21:03 2016 Friday ,01 January

8 killed in fresh bus collision in Afghanistan

GMT 02:50 2015 Tuesday ,07 April

Sisi sends delegates for condolence

GMT 10:25 2017 Monday ,20 November

Iraqi president holds historic visit to Kuwait

GMT 19:22 2017 Monday ,02 October

Ocampos brace helps Marseille stun Nice

GMT 13:21 2017 Monday ,25 December

Mariah Carey back to Times Square New Year's

GMT 18:51 2017 Thursday ,21 December

Birmingham to be named 2022 Commonwealth Games hosts

GMT 15:09 2011 Saturday ,15 October

“Jordanian arts need investing in”

GMT 12:08 2017 Tuesday ,14 November

Oysho launches debut Ski line

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful

GMT 20:17 2015 Wednesday ,01 April

Suspected Serb war criminal Seselj burns Croatia flag

GMT 02:51 2015 Tuesday ,22 September

Egypt Stock Exchange gains $1.3bn, main index up 0.7%

GMT 16:20 2018 Thursday ,30 August

Television reporter killed in Mexico

GMT 20:35 2016 Saturday ,05 November

Sultan Qaboos meets Prince Charles

GMT 19:53 2016 Tuesday ,06 December

Libya loyalists take Sirte bastion from Daesh

GMT 08:34 2017 Friday ,24 March

Qatar doomed as Iran close on World Cup
Almaghrib Today, almaghrib today
 
 Almaghrib Today Facebook,almaghrib today facebook  Almaghrib Today Twitter,almaghrib today twitter Almaghrib Today Rss,almaghrib today rss  Almaghrib Today Youtube,almaghrib today youtube  Almaghrib Today Youtube,almaghrib today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

.almaghribtoday .almaghribtoday .almaghribtoday .almaghribtoday
almaghribtoday almaghribtoday almaghribtoday
almaghribtoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
almaghribtoday, Almaghribtoday, Almaghribtoday