Samsung is under investigation for possible bribery of the president's confidante, who provided the company with significant benefits. The situation has gone so far that the president has been temporarily removed from office and the confidant of Cho Son-sil is being investigated for one of the biggest corruption scandals of recent years. The problem is that the investigation does not only concern the company itself, but also, of course, directly those who brought the money to the table, so to speak. One of them is I Jae-yong, who is currently the director of the entire Samsung Group conglomerate, which he has been running since 2014, in which his father suffered a heart attack.
In addition, given that his father has no other children, Jae-yong is also the sole heir and the most powerful man in Samsung. Today he will be interviewed for the first time in the whole case, and we will see how the situation develops. One of the benefits that Samsung was supposed to buy through the president's confidant was the state's support for the merger of Samsung C&T and Cheil Industries. Smaller share holders did not agree to the merger, but thanks to the support of the state, it was finally successful.
Last month, Jae-jong also declared directly in front of the parliament that he had to send money and gifts to the president's confidante, otherwise the company would not have state support. In addition, if you remember the embarrassing handbags for Jana Nagyová, the president's confidant was really high. For example, Samsung supported her daughter's equestrian training in Germany with $18 million and donated more than $17 million to foundations that were supposed to be non-profit, but according to investigators, the trustee used them for her own needs. We will of course inform you about how the whole case develops.
