Equestrian

South Korean prosecutors seek to arrest Samsung's vice chairman following president's impeachment

South Korean prosecutors seek to arrest Samsung's vice chairman following president's impeachment

South Korean prosecutors on Monday sought a warrant for the arrest of the Samsung Group’s de facto leader — one of the nation’s wealthiest and most-powerful executives — in a bribery case related to last month's impeachment of the country’s president.

Investigators allege that Lee Jae-yong, vice chairman of Samsung Electronics Co., improperly directed company funds to a confidant of the impeached president, Park Geun-hye — perhaps in an effort to solidify his dynastic control over the tech giant, which is South Korea’s largest company.

The prosecutors say that Lee, the grandson of the late Samsung founder, directed the funds...

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