Skip to main content

Samsung raided in connection with South Korea corruption scandal

samsung

samsung

South Korean prosecutors on Wednesday raided the offices of Samsung and a state-run pension fund in connection with the current corruption scandal involving President Park Geun Hye and her friend Choi Soon Sil.

The media report said that prosecutors were investigating whether Park pressured the National Pension Service (NPS) to support Samsung in return for favours given to Choi.

It noted that the NPS, which held stakes in Samsung’s construction arm and its de facto holding firm Cheil Industries Inc, played a key role in the two companies’ merger.

The country’s largest opposition party said on Monday that it would take steps to begin impeachment proceedings against Park over the widening scandal that had rocked the nation.

The move came a day after prosecutors said Park likely played a role in an influence-peddling case involving her close friend and confidante Choi.

Choi was indicted on a string of charges, including abuse of authority and attempted fraud.

The prosecutors said they could not indict Park herself currently, because the country’s constitution guarantees the president immunity “except in cases of insurrection or treason.”

Park is accused of allowing Choi to meddle in public affairs.

She is thought to have had access to secret state documents even though she holds no official position.

Comments

Popular posts from this blog

Pope not involved in Colombian peace deal- Vatican

Pope Francis Pope Francis has turned down a request to play a role in the peace deal between the Colombian government and the Revolutionary Armed Forces of Colombia (FARC) rebel group. The Vatican in a statement issued on Wednesday in in Vatican City said that an invitation was sent to his Holiness in early August to appoint a representative to participate in the committee that selected the judges for the talks. The statement said that though Pope Francis supported the peace process, he, however, reiterated that he would not get involved in Colombian peace deal. It said that Pope was praying for the enlightenment of the hearts and minds of those who were called to promote the common good of the Colombian nation. A deal was announced last week, putting an end to five decades of internal conflict between government forces and the FARC rebels. The agreement, which needed to be ratified through a referendum in Oct. 2, would entail setting up a special court to grant amnesties or pu...

Houthis Claim Attack on Central Israel in Response to Gaza ‘Massacres’

The ongoing conflict between Israel and Hamas has taken a concerning regional turn as the Houthi rebels in Yemen claimed responsibility for an attack on central Israel. The group announced this as part of their escalating response to what they describe as "massacres" in Gaza amid the Israeli military’s operations in the strip. Details of the Attack The Houthis, a Shiite militant group with ties to Iran, declared that they launched missile and drone strikes targeting Israel. While the exact impact of these attacks remains unclear, reports suggest that Israel’s defense systems intercepted several threats over its airspace. This marks a significant escalation as the Houthis widen their involvement in the conflict beyond their typical operations within Yemen and neighboring Saudi Arabia. The Houthis’ Justification In their statement, the Houthis framed the attack as retaliation for Israel’s military actions in Gaza, which they characterized as indiscriminate bombings resultin...

Fall of Assad is a Blow to Russia's Prestige

The potential fall of Syrian President Bashar al-Assad, a long-standing ally of Russia, would mark a turning point in Moscow’s global influence, particularly in the Middle East. Steve Rosenberg’s analysis underscores the profound implications for Russia, which has invested heavily—both militarily and politically—in ensuring Assad’s survival over the past decade. This article delves into why Assad’s downfall would strike at the core of Russian prestige and what it could mean for the broader geopolitical landscape. Russia's Strategic Commitment to Syria Since the outbreak of the Syrian civil war in 2011, Russia has been a staunch supporter of Assad's regime. In 2015, Moscow launched a military intervention that proved decisive in stabilizing Assad’s hold on power. This intervention solidified Russia's role as a key power broker in the Middle East and demonstrated its willingness to project military power far beyond its borders. Syria is not just an ally for Russia; it is a...