The heir to the Samsung business empire has been arrested on corruption allegations.
The detention of Lee Jae-yong, Samsung’s de facto leader, is an embarrassing setback for South Korea’s biggest conglomerate. Lee is under investigation for his alleged involvement in the huge political corruption scandal that has rocked the country.
Early Friday, a judge in Seoul approved a request from prosecutors for an arrest warrant for Lee, the prosecutor’s office said. That means Lee will be held at the detention center where he had been awaiting the court decision.
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Prosecutors allege that the executive, who’s also known as Jay Y. Lee, pledged tens of millions of dollars to win favor with President Park Geun-hye and secure government support for a controversial merger that helped tighten his grip on Samsung.
They are accusing him of bribery, …