Samsung’s Jay Y Lee faces indictment over corruption scandal

Samung’s leader Jay Y Lee is likely to face indictment Tuesday (February 28).
It’s the deadline for South Korean prosecutors to formally accuse the billionaire, and possibly five suspected Samsung Group execs of charges of bribery linked to a corruption scandal running all the way to President Park Geun-hye.
Those in return for favors, including support for a 2015 merger that ensured Lee’s control of the group.
If he’s indicted it could affect his family’s leadership succession.
Lee was arrested two weeks ago.
But as Reuters Vincent Lee reports, a long-term stay could derail Samsung.
“In terms of short terms operations they have a lot of professional managers in charge of the…

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