Samsung the Korean conglomerate, was held in a session of embarrassment when the former Advisor Mr. Lee Yong Chul informed the President of South Korea that The Company “Samsung” was involved in acts of severe bribery.
Mr. Lee Yong Chul, who served as a presidential monitor against corruption, said that he was handed 5 million won (£2,636) by an executive at Samsung Electronics apparently as a “holiday gift”. At first thinking it to be a small one he accepted the gift but once he came to realize that the gift was worth a huge amount he refused to accept the gift. Mr. Lee reacted strongly against Samsung’s boldness for trying to bribe him.
A week later after Mr. Lee’s assertion the chief lawyer at Samsung stated that a number of South Korean Government official apart from Mr. Lee were part the bribe, this included prosecutor, tax collectors, presidential aides, members of the judiciary and journalists.
The chief counsel at Samsung stated that Lim Chai the South Korean chief prosecutor was also one to recieve bribe on behalf of Samsung chairman. The head of country’s Independent Commission and the director of the Central Investigation Bureau were also featured to have received bribes. The prosecutors have already gone into deep rooted investigation on Mr. Kim’s allegations.
As per records Lee he was bribed by a Samsung Executive in the year 2004 by offering a “holiday gift”. Thinking the gift to be a small one he accepted it initially but knowing it to be a bribe he completely refused it with a protest note.
Mr. Lee has indeed become very famous after this act of protest. His claim of Samsungs acts of Bribery was put into much trust when he gained support from Samsung’s former chief lawyer, adding that he believed Mr. Kim’s assertion that Samsung’s bribery efforts had been systematic.
He issued his statement through a campaign group, the National Movement to Unveil Illegal Activities by Samsung and its Chairman, which said: “This is proof that Samsung’s bribery has reached not only prosecutors but the very core of political power.”
President Roh’s told The New York Times that the group’s claims were “pure speculation”.