By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Starr FmStarr FmStarr Fm
  • Home
  • Election Hub
  • General
    GeneralShow More
    ECOWAS Parliament urged to fast-track AU Free Movement Protocol ratification
    May 5, 2026
    Eastern Regional Security Liaison Officer warns chiefs defiance of court orders, threatens arrests
    May 5, 2026
    Rent Control to introduce standardized tenancy agreement to curb “outrageous” rent prices – Rent Commissioner
    May 5, 2026
    Young Political Advocates promotes empowerment and civic engagement
    May 5, 2026
    PAC to deploy EOCO officials to hearings to curb “false claims” and strengthen accountability
    May 5, 2026
  • Business
    BusinessShow More
    Ghana signs gas expansion deal with Eni, Vitol & GNPC to increase production
    May 5, 2026
    GoldBod Jewellery launches nationwide expansion drive for agents and franchise partners
    May 5, 2026
    Damang Gold Mine sells 100% of first output to GoldBod, BoG to boost Ghana’s foreign reserves
    April 30, 2026
    24-hour economy policy not feasible – NPP’s Michael Osei Boateng
    April 29, 2026
    GoldBod Jewellery hosts Boris Kodjoe at Diamond House Showroom
    April 29, 2026
  • Politics
    PoliticsShow More
    ECOWAS Parliament urged to fast-track AU Free Movement Protocol ratification
    May 5, 2026
    PAC to deploy EOCO officials to hearings to curb “false claims” and strengthen accountability
    May 5, 2026
    Parliament to resume sitting on May 21
    May 5, 2026
    NDC has become a party for mining – Dr. Dickson Adomako-Kissi
    May 5, 2026
    NDC govt’s galamsey fight ‘way above 80% successful’ – Paa Kwesi Schandorf
    May 5, 2026
  • Entertainment
    EntertainmentShow More
    Ghana’s Film Industry Is Not Broke, It Is Stuck
    May 5, 2026
    Best Girlfriends Podcast announces kid influencer Simply Mary as new fourth host
    May 5, 2026
    TGMA 2026 AOTY battle: Wendy Shay is the Yaa Asantewaa of Ghana music today – MC Portfolio
    May 2, 2026
    Phil Thompson confirms Joe Mettle collaboration, new song due in 4-6 weeks
    May 1, 2026
    I was homeless in London, sleeping in cars when I released ‘Baba’ – Sonnie Badu
    May 1, 2026
  • Sports
    SportsShow More
    PrideSpins Community Soccer Gala Final: a historic showdown at TEPS Park
    May 5, 2026
    Sports Ministry, GAA respond to relay team travel complaints after athlete backlash
    May 4, 2026
    Azamati, Saminu slam Sports Ministry over “poor” travel arrangements after relay qualification
    May 4, 2026
    Minority’s rejection of govt’s power outage explanation is politically motivated – Abdul Fatawu Jofa
    May 1, 2026
    2026 African Armwrestling Championship kicks off at Borteyman Sports Complex
    April 30, 2026
  • Technology
    TechnologyShow More
    African-Led ANH-ARC platform launches in Ghana to transform food systems, nutrition and health
    May 2, 2026
    Amardeep Singh Hari named Ghana’s most influential tech entrepreneur of all time
    April 30, 2026
    Yellow Card publishes 2026 report on data protection and AI governance
    April 23, 2026
    Master AI and cybersecurity to fight fake news – Dr Zanetor Rawlings to Ghana’s youth
    April 22, 2026
    The Hope Network meets Prof. Mark Appiah to chart path for growth, eyes STEM Center and donor partnerships
    April 22, 2026
  • International
    InternationalShow More
    Ghana to host global leaders for reparatory justice conference after landmark UN resolution
    May 4, 2026
    President Mahama joins global leaders in Gabon for inaugural Innovation and Development Forum
    May 3, 2026
    Phil Thompson confirms Joe Mettle collaboration, new song due in 4-6 weeks
    May 1, 2026
    Ghana transport delegation visits China’s Shiyan to deepen sector reforms
    May 1, 2026
    Atletico Madrid hold Arsenal 1-1 in second UCL semifinal in Madrid
    April 30, 2026
  • Factometer
Search
© 2024 EIB Network Ltd. All Rights Reserved.
Reading: Samsung quizzed over corruption scandal
Share
Notification Show More
Font ResizerAa
Starr FmStarr Fm
Font ResizerAa
  • Headlines
  • Election Hub
  • General
  • Politics
  • Sports
  • Business
  • Entertainment
  • Factometer
Search
  • Headlines
  • Election Hub
  • General
  • Politics
  • Sports
  • Business
  • Entertainment
  • Factometer
Have an existing account? Sign In
Follow US
© 2024 EIB Network Ltd. All Rights Reserved.
Business

Samsung quizzed over corruption scandal

Starrfm.com.gh By Starrfm.com.gh Published January 9, 2017
Share
SHARE

Two senior Samsung executives have been questioned as part of the corruption probe surrounding South Korea’s impeached president, Park Geun-hye.

The firm is accused of giving large donations to non-profit foundations operated by Choi Soon-sil, a close confidante of Ms Park.

The donations were allegedly given in exchange for political support of a controversial merger.

Ms Choi has been charged with coercion and attempted fraud.

According to South Korea’s Yonhap news agency, Choi Gee-sung, a Samsung vice chairman, and Chang Choong-ki, a president at the group, were being interviewed on Monday by special prosecutors about the corruption allegations.

It was reported the pair were being treated as witnesses, rather than being suspected of any wrongdoing.

The claims circle around a merger between the electronics giant’s construction arm, Samsung C&T, and an affiliate firm, Cheil Industries.

The deal went through despite significant opposition from shareholders, who said it would hurt minority shareholders while benefiting the family of Samsung’s group owner Lee Kun-hee.

Horse funding

South Korea’s National Pension Service (NPS), which owns stakes in both companies, sealed the deal by voting in favour of it and the head of the NPS has since been arrested.

But prosecutors also allege that Samsung gave €2.8m euros ($3.1m; £2.5m) to a company co-owned by Ms Choi and her daughter, in return for Ms Park’s support for the deal.

In a parliamentary session last month, senior executives of Samsung admitted the firm gave money to help the equestrian career of Ms Choi’s daughter, Chung Yoo-ra.

Samsung’s de-facto head, Lee Jae-yong confirmed that the company had paid for a horse for Ms Chung – though to be worth around $850,000 – saying he regretted the move.

Powers stripped

A total of eight firms have so far admitted donating funds linked to President Park Geun-hye, but deny seeking favours.

Politicians voted on 9 December to impeach President Park – a decision South Korea’s constitutional court has six months to uphold or overturn. Until then she remains formally president but stripped of her powers, which are handed to the prime minister, a presidential appointee.

Ms Park denies wrongdoing but has apologised for the way she managed her relationship with Ms Choi, who also denies committing criminal offences.

You Might Also Like

Ghana signs gas expansion deal with Eni, Vitol & GNPC to increase production

GoldBod Jewellery launches nationwide expansion drive for agents and franchise partners

Damang Gold Mine sells 100% of first output to GoldBod, BoG to boost Ghana’s foreign reserves

24-hour economy policy not feasible – NPP’s Michael Osei Boateng

GoldBod Jewellery hosts Boris Kodjoe at Diamond House Showroom

TAGGED:Samsung
Share This Article
Facebook Twitter Email Print
Share
Previous Article Serving my country: A Change of Portraits…
Next Article Nokia Android phone spurns the West

Starr 103.5FM

Starr FmStarr Fm
Follow US
© 2024 EIB Network Ltd. All Rights Reserved.
newsletter icon
Join Us!

Subscribe to our newsletter and never miss our latest in news, podcasts etc..

[mc4wp_form]
Zero spam, Unsubscribe at any time.
adbanner
AdBlock Detected
Our site is an advertising supported site. Please whitelist to support our site.
Okay, I'll Whitelist
Welcome Back!

Sign in to your account

Lost your password?