Samsung official ‘graft’ statement
Samsung Electronics issued a disclosure document today titled “Suspicion of Embezzlement or Malpractice by an Officer or Employee” today which discloses the financial details of the ‘suspicious’ activity, which has led to the arrest of Samsung Vice Chairman Lee Jae Yong, the heir apparent to the Samsung empire.
The ‘targets’ of the suspicion are Lee Jae Yong Vice Chairman, Choi Ji Sung Vice Chairman, President Jang Chung-gi, President Park Sang-jin, and Managing Director Hwang Sung-soo, with the amount of the ‘suspicious embezzlement’ being 15.425b KRW ($13.35m US), .009% of Samsung’s 179.06t KRW ($154.98t US) equity capital (2015), with the reiteration that the disclosure states that the charges are ‘suspicion’ and are not definitive and may be subject to later court rulings.
The ‘targets’ of the suspicion are Lee Jae Yong Vice Chairman, Choi Ji Sung Vice Chairman, President Jang Chung-gi, President Park Sang-jin, and Managing Director Hwang Sung-soo, with the amount of the ‘suspicious embezzlement’ being 15.425b KRW ($13.35m US), .009% of Samsung’s 179.06t KRW ($154.98t US) equity capital (2015), with the reiteration that the disclosure states that the charges are ‘suspicion’ and are not definitive and may be subject to later court rulings.
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