A South Korean court will begin the trial of Samsung Group's de facto leader Lee Jae-yong next week in connection with a corruption scandal involving President Park Geun-hye, legal sources said on Friday.
The Seoul Central District Court will hold a preparatory session on the vice chairman of Samsung Electronics Co., on March 9, according to the sources.
Lee was indicted on Tuesday on a string of charges, including bribery and embezzlement. He has been in custody since last month, Yonhap News Agency reported.
The special probe team suspects that Lee gave or promised some 43.3 billion won ($38 million) in kickbacks to Park's friend Choi Soon-sil in return for the government's backing of a merger of two Samsung affiliates in 2015.
The business merger was seen as critical to the smooth management succession of the group from ailing Samsung Electronics Chairman Lee Kun-hee to his only son Jae-yong.
Four other senior executives at Samsung -- Vice Chairman Choi Gee-sung and President Chang Choong-ki from the group's future planning headquarters and President Park Sang-jin and senior executive Hwang Sung-soo -- will also undergo trial without detention.
--IANS
ksk/dg
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
