Legal Ethics

Ex-Legal Chief Claims Samsung Had Bribe Fund for Prosecutors


The former chief lawyer for Samsung Group has filed a legal complaint with South Korean prosecutors that alleges a bribery scheme and cover-up by chairman Lee Kun Hee.

Kim Yong Chul, who worked for Samsung for seven years, claims the company kept a secret slush fund to bribe prosecutors and government officials, Business Week reports.

The lawyer also alleges in his complaint that Lee ordered transactions to help his son acquire Samsung shares at low prices, the New York Times reports. The complaint claims the legal division trained other executives to serve as scapegoats after prosecutors began investigating the stock buys.

Kim has told journalists that he was sidelined by the company in 2004 after he refused to bribe a judge presiding over the case of the scapegoated executives, who were later found guilty.

Samsung has denied the allegations.

Previous:
ABA Ethics Opinion Approves Collaborative Law

Next:
Ex-Prosecutor Claims DA Fired Him for Being White


We welcome your comments, but please adhere to our comment policy. Flag comment for moderator.

Commenting is not available in this channel entry.