CNN Money reports that Samsung vice chairman, Lee Jae-Yong, has been named a suspect in a massive corruption scandal. Jae-Young, who will be succeeding his ailing father, was summoned for questioning involving bribery that has brought ties between South Korea’s political and business elites.
Donations have been questioned about donations to two foundations controlled by a confidante of President Park Geun-hye. Prosecutors believe the donations were exchanged for political favors. Business leaders have denied the allegations.
Prosecutors are also investigating any funds that were used to secure the 2015 merge that helped Jae-Yong’s status and control over Samsung Electronics.