Samsung Group chief Jay Y Lee was arrested on Friday over his alleged role in a corruption scandal rocking the highest levels of power in South Korea.
The arrest of Lee has become a fresh blow to the world’s biggest maker of Smart Phones and memory chips. 48-year-old Lee, scion of the South Korea’s richest family, was taken into custody at the Seoul Detention Centre after waiting there overnight for the decision. He was being held in a single cell with a TV and desk, a jail official said.
Lee is a suspect in the influence-peddling scandal that led parliament to impeach President Park Geun-hye in December, a decision that if upheld by the Constitutional Court would make her the country’s first democratically elected leader forced from office.
Prosecutors have up to 10 days to indict Lee, Samsung’s third-generation leader, although they can seek an extension. After indictment, a court would be required to make a ruling within three months.
No decision had been made on whether Lee’s arrest would be contested or whether bail would be sought, a spokeswoman for Samsung Group said.