Samsung Group dismantles nerve center as chief faces bribery charge amid scandal | Reuters

By Se Young Lee and Ju-min Park
| SEOUL

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

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 would charge Lee, third-generation leader of the tech giant “chaebol”, and four other executives with bribery and embezzlement.

It also said it would charge him with pledging bribes to a company and organizations tied to Park’s…

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