Jay Y Lee, the de facto head and scion of Samsung Group was indicted along with four other executives by the special prosecutor in a case pertaining to bribery and other charges in a corruption scandal that led parliament to impeach President Park Geun-hye.
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Prosecutors had ordered the arrest of Lee, over a week ago, and accused him in his capacity as head of South Korea's largest conglomerate, or chaebol, of pledging 43 billion won ($37.74 million) to a business and organisations backed by Park's friend, Choi Soon-sil, in exchange for support of a 2015 merger of two Samsung companies.
Samsung and Lee have denied wrongdoing in the case. Park, whose impeachment will be upheld or overturned by the Constitutional Court, has also denied wrongdoing.
But the wide-ranging probe, part of a corruption scandal that led parliament to impeach South Korean President Park Geun-hye, has been a major distraction for the country's largest conglomerate, or chaebol.
According to reports, Samsung spokesperson did not comment regarding Jay Lee’s indictment.