Online Broadband Guide
Online Broadband Guide


South Korean prosecutors: President Park colluded for Samsung bribe

South Korean prosecutors: President Park colluded for Samsung bribe

The 65-year-old daughter of a former military strongman has had her powers suspended. The court is expected to hand down its decision sometime this month. No formal charges can be brought against her until she is either removed from office or her term ends as scheduled in late February of 2018.

Her removal from office would subject her to a fresh investigation by state prosecutors. Nor can Park be indicted while she still holds the presidency, although prosecutors have listed a total of 13 charges that they would like to press against her, including abuse of power and receiving bribes.

The report also implicates Park in the blacklisting of nearly 9,500 left-leaning artists considered critical of her administration, meaning they would not be given government grants for their work.

The special prosecutors recommended that the national pension fund, which is in charge of retirement savings for almost half of the 50 million population, should be free from any outside pressures even from the presidential office and government ministries.

These changes are all coming into effect after Samsung's Lee Jae-yong was charged with bribery following the impeachment of South Korean President, Park Geun-hye.

The president also installed Choi's associates into influential positions, including ambassador to Myanmar, where the confidante could make money, the report found.

Moon Hyung-pyo, former health and welfare minister in charge of the control of the national pension fund who is now in custody, said President Park ordered him in June 2015 to help Samsung merge the two units.

But Park, through her lawyer, again strongly denied any wrongdoing.

President Park had vowed to accept face-to-face interrogation from special prosecutors, but she rejected repeated calls for it.

Choi and Park are accused of conspiring to pressure big businesses to donate to two foundations established to support the president's policy initiatives.

South Korea's prosecutor's office said in a statement that it has asked the team of investigators which indicted Choi in November to take over and conduct the probe "according to law and principle without prejudice".

The independent counsel has now upped the stakes by charging that the W43 billion paid by Samsung directly or indirectly to Choi constituted a bribe in return for easing the illegal ascent to the conglomerate's leadership of Samsung scion Lee Jae-yong (US$1=W1,156).

If Lee is found guilty of hiding more than $5 million overseas, he could face at least 10 years in jail, special prosecutors have said.

follow

editors' picks

March 07, 2017
Survival horror Outlast 2 out-at-last two ways in April
I must have jumped ten times working through that short demo, and it left me hungry for more. "Welcome to Temple Gate". In the statement, Red Barrels revealed that Outlast 2 would cost $29.99 United States dollars on all platforms.

March 07, 2017
Missile launches risky gambit by N. Korea to make United States take notice
Last year, North Korea tested its Musudan intermediate-range ballistic missile eight times , with only one success. The North fired the missiles 22 days after it test-fired an advanced Bukguksong-2 missile last month.

March 06, 2017
Karim Benzema drives Real Madrid to win over Eibar
It's a remarkable streak made sweeter for Real Madrid fans because they can claim bragging rights over Barcelona once again. Karim Benzema ended a goal drought of seven Liga games by scoring against Eibar .

March 05, 2017
Murray River drowning-accused avoids court
When asked what the chances were the five-year-old would be found alive, Supt Condon said: "There is every chance". His younger brother is still missing, feared drowned, with police divers continuing to search the river today.

March 01, 2017
Attorneys: 5 automakers knew Takata air bags were dangerous
According to the filing, an airbag from Takata was described as a "killing weapon" by one of the manufacturers as early as 2009. Takata's recall was the biggest in USA history, as it involves an expected 42 million vehicles and 69 million inflators.

February 28, 2017
SpaceX to send citizens beyond moon in 2018
While the voyagers' names have not been disclosed, according to SpaceX, a "significant deposit" has already been made. The first crewed Falcon Heavy trip will be for NASA to the International Space Station, a journey set for May 2018.

February 27, 2017
IPad Pro 2 not expected until May or even June, says report
Initial rumours pointed to a trio of Pro tablets destined for a public launch at an event in March, ahead of a Q1 2017 release. Apple has been contacted for comment concerning the delay of the launch of the trio of new iPads, but is yet to respond.

February 27, 2017
Jose Mourinho concedes Manchester United were fortunate to beat Southampton
Mourinho complained bitterly about the Europa League Round of 16 draw which paired Manchester United with Russian team Rostov. For United this is Ibrahimovic, with Mourinho saying any serious layoff for the 24-goal man would be a "disaster".

February 26, 2017
Panneerselvam flays Stalin for seeking removal of Jaya pics
She said,"We will definitely be contesting in the upcoming Tamil Nadu local body elections". She also said she would contest elections from the former's constituency, R.K.

February 25, 2017
Giraffe birth cam at NY zoo
She was showing the signs: pacing, "star gazing", waxing of the teats, irritability, anxiety, according to zoo owner Jordan Patch. Videos containing fetish content will be removed or age-restricted depending on the severity of the act in question.