Samsung Group chief charged with bribery, corporate nerve center dismantled | Reuters

By Se Young Lee and Ju-min Park

SEOUL South Korean prosecutors charged Samsung Group [SARG.UL] chief Jay Y. Lee with bribery and embezzlement on Tuesday as the top conglomerate announced the dismantling of its corporate strategy office, the latest developments in a graft scandal that has rocked the country.

Jay Y. Lee, 48, was arrested on Feb. 17 over his alleged role in the corruption scandal involving impeached President Park Geun-hye, dealing a fresh blow to the standard-bearer for Asia’s fourth-largest economy.

The special prosecutor’s office said on Tuesday, the last day of its investigation, that it had charged Lee, third-generation leader of the tech giant “chaebol”, and four other executives with bribery and embezzlement.

The charges against Lee included pledging bribes to a company and organizations tied to Park’s confidant, Choi Soon-sil,…

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