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Samsung dragged into Park scandal
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SOUTH Korean prosecutors yesterday raided offices of the Samsung Group and the state pension fund as the electronics giant is dragged further into a snowballing influence-peddling scandal engulfing President Park Geun-hye.
The raid comes as Samsung faces allegations it bribed Park’s confidant Choi Soon-sil to win state approval for a controversial merger it sought last year. Prosecutors visited the group’s Future Strategy Office, which oversees key business decisions, the Yonhap news agency reported.
A Samsung spokesman confirmed the visit by prosecutors but declined to elaborate.
The merger of Cheil Industries and Samsung last year was seen as a crucial step to ensure a smooth third-generational power transfer to Lee Jae-yong, scion of Samsung’s founding family.
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