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Prosecutors raid Samsung office over corruption scandal linked to ex-President

By Yonhap

Published : Feb. 8, 2018 - 21:06

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Prosecutors on Wednesday raided the headquarters of Samsung Electronics Co. and the house of a former senior company official as part of their probe into a corruption scandal linked to ex-President Lee Myung-bak.

Investigators from the Seoul Central District Prosecutors' Office confiscated computer hard discs and other materials from the company's main office in southern Seoul and from the home of Lee Hak-soo, a former group vice chairman.

Employees move about the Samsung building in southern Seoul. (Yonhap) Employees move about the Samsung building in southern Seoul. (Yonhap)

They are investigating the suspicion that the conglomerate paid fees for a local auto parts maker, DAS, run by Lee's relatives, in a U.S. lawsuit. DAS raised the suit against a businessman to recoup its investment in his U.S.-based investment advisory firm.

DAS is owned by a brother of Lee, but Lee has long been suspected of being its real owner. The company is under probe over suspicion that it has created a 12 billion won ($10.9 million) slush fund. The prosecution is also looking into whether Lee used his influence to help DAS recover money from the U.S. firm. Lee was president from 2008-2013.

Lee has denied all allegations regarding his link to the firm, calling the ongoing probe "political retribution." (Yonhap)

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