Samsung Raided

[ELSknutson]

Prosecutors raided the offices of Samsung Electronics on Tuesday as part of an investigation into a presidential cronyism scandal that's gripped South Korea.

While it is a near-monthly occurrence for a chaebol (family-owned conglomerate) in Korea to be under investigation and/or raided by prosecutors as a result — and they're usually slightly staged affairs — the reason for this week's raid of Samsung is more obscure: elite horse competitions!

Samsung is suspected of giving as much as $3 million in secret to support the equestrian training and Olympic dreams of Choi Soon-sil's 20-year old daughter. Who is Choi? She is a longtime friend and adviser to President Park Geun-hye, who's at the center of Korea's widening abuse-of-power scandal.

Enriching herself may have included her family, which is where Samsung comes in. There are some connections between the company and equestrian activities. TheKorea Joongang Daily reports:

Choi is currently in jail on charges of abuse of power and fraud, said to have such wide control over state affairs despite no official positions that's she's being called "the power behind the throne." Prosecutors believe she enriched herself to the tune of millions by peddling her closeness to and influence over Park.

"Samsung Electronics CEO Park [Sang-jin] is president of the Korean Equestrian Foundation (KEF), whose headquarters was also raided Tuesday morning. Prosecutors suspect some of 3.5 billion won [$3 million] sent by the company was spent on purchasing a horse and arranging a training session for Choi's daughter Chung Yoo-ra, a dressage athlete."

Prosecutors and the company have confirmed the raid but made no further comment. Samsung being a Korean chaebol, and 'raiding chaebols' being a common practice here, this isn't the first time.

Refrence: http://www.npr.org/sections/parallels/2016/11/08/501241961/samsung-offices-raided-in-an-investigation-involving-a-dressage-horse

[Bsmith]

damn alot of shady and shitty things are coming above for samsung, If I'm not mistaken they have been raided a while back to concerning the corruption thingy in south korea.

[Master Disaster]

32 minutes ago, ELSknutson said:

Prosecutors raided the offices of Samsung Electronics on Tuesday as part of an investigation into a presidential cronyism scandal that's gripped South Korea.

While it is a near-monthly occurrence for a chaebol (family-owned conglomerate) in Korea to be under investigation and/or raided by prosecutors as a result — and they're usually slightly staged affairs — the reason for this week's raid of Samsung is more obscure: elite horse competitions!

Samsung is suspected of giving as much as $3 million in secret to support the equestrian training and Olympic dreams of Choi Soon-sil's 20-year old daughter. Who is Choi? She is a longtime friend and adviser to President Park Geun-hye, who's at the center of Korea's widening abuse-of-power scandal.

Enriching herself may have included her family, which is where Samsung comes in. There are some connections between the company and equestrian activities. TheKorea Joongang Daily reports:

Choi is currently in jail on charges of abuse of power and fraud, said to have such wide control over state affairs despite no official positions that's she's being called "the power behind the throne." Prosecutors believe she enriched herself to the tune of millions by peddling her closeness to and influence over Park.

"Samsung Electronics CEO Park [Sang-jin] is president of the Korean Equestrian Foundation (KEF), whose headquarters was also raided Tuesday morning. Prosecutors suspect some of 3.5 billion won [$3 million] sent by the company was spent on purchasing a horse and arranging a training session for Choi's daughter Chung Yoo-ra, a dressage athlete."

Prosecutors and the company have confirmed the raid but made no further comment. Samsung being a Korean chaebol, and 'raiding chaebols' being a common practice here, this isn't the first time.

Refrence: http://www.npr.org/sections/parallels/2016/11/08/501241961/samsung-offices-raided-in-an-investigation-involving-a-dressage-horse

1) That font is aweful

2) That news is 15 days old

8 minutes ago, Bsmith said:

damn alot of shady and shitty things are coming above for samsung, If I'm not mistaken they have been raided a while back to concerning the corruption thingy in south korea.

Its the same occasion, the article is dated Nov 8th.

[FPSwithaWacomTablet]

Dat comic sans though

[Trixanity]

Not only was it comic sans but it's also all highlighted in white when on dark theme. I refused to read it.

 

However, this must be gold for North Best Korea's propaganda machine.

[vanished]

As mentioned, old news