Second Strike of the Authorities at Samsung headquarters

South Korean prosecutors invaded a second time at Samsung Electronics's office in Seoul, as part of a search for political scandal with President Park Guen-hye.

The Samsung Future Strategy Office, the headquarters of the Samsung Group, is located at Samsung's headquarters in Gangnam, Seoul.Samsung Electronics

Samsung is reported to have given money to the daughter of Choi Soon-sil, a close friend of President Park. Choi has been imprisoned as he used his influence to influence national affairs with bribes from various groups.

Η of South Korea allegedly gave ₩3000000000 billion (about $3 million) to Choi through a company called Widec and is based in , with the nominal excuse of supporting Choi's daughter's equestrian education.

The second raid by the authorities was carried out to collect evidence of whether Samsung tried to use Choi's influence in the country's political authorities (Choi has a large stake in Samsung C&T) to vote in favor of of the company with Cheil Industries that took place last year.

The merger was eventually approved and Samsung beat out Elliott Associates' . The newly formed Samsung C&T is now the de facto parent company of the Samsung group and has a large stake in Samsung Electronics.

This merger was seen as a way used by the ruling Lee to gain greater control over Samsung, the most important asset in the group.

Researchers are also looking at whether there has been some organized effort on the part of Samsung for bribes through Choi aimed at political influence.

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Written by giorgos

George still wonders what he's doing here ...

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