World Bulletin / News Desk
It emerged Wednesday afternoon that Samsung Vice Chairman Lee Jae-yong has been summoned to appear at 9.30 a.m. (0030GMT) on bribery claims -- a special probe team spokesperson admitted at a press briefing there is a possibility of seeking an arrest warrant.
Lee already appeared before prosecutors in November and then at a televised parliamentary hearing a month later on Dec. 6.
He has denied buying any favors, but allegations have persisted because of suspicions surrounding the state-run pension fund’s support for a Samsung merger in 2015.
Since taking over from state prosecutors last month, independent investigators have been building a case against Samsung for financially supporting the suspended president’s now notorious private confidante Choi Soon-sil.
Lee will be grilled about his company’s apparent 22 billion won ($18.4 million) contract with a German company under the ownership of Choi and her daughter Chung Yoo-ra -- an equestrian star who was caught hiding in Denmark on New Year’s Day after leaving her base in Germany.
With Samsung Chairman Lee Kun-hee still in hospital following a heart attack in 2014, his son and heir apparent will also have to deal with his own admission that the conglomerate gave Chung a horse worth 1 billion won ($837,000) as well as large donations to nonprofit foundations linked to Choi allegedly at the request of the president.
This has all done little harm to Samsung Electronics’ performance, which reached a new record-high on the local stock index Wednesday, having last week announced an expected fourth-quarter operating profit of 9.2 trillion won ($7.7 billion).
Flynas chairman Ayed al-Jeaid said at the signing ceremony in Riyadh that the deal includes an option for 40 more of the short to medium-haul planes in what airline executives said is a growing domestic market.
Central Bank skips repo auctions for third trading day to stem sharp decline in lira value against other currencies
Oxfam pointed to a link between the vast gap between rich and poor and growing discontent with mainstream politics around the world.
US dollar/Turkish lira exchange rate fell to stand at 3.7630
Chancellor Philip Hammond says if Britain is 'closed off' from EU markets, it will be forced to be 'something different'
Government plans to claw back lost VAT revenues splits opinion in austerity-hit country
"It would probably be right if the ECB starts daring to head for the exit this year," Schaeuble told the Sueddeutsche Zeitung newspaper -- although he acknowledged it would be a "difficult task".
There was muted reaction to end-of-the-year data from China showing the world's number-two economy was still struggling on the trade front, with uncertainty over Trump's upcoming presidency.
Education, infrastructure spending can help in current environment, observer says.
Erol Bilecik, head of Index Group, to lead Turkish Industrialists’ and Businessmen’s Association
Traders had hoped the real estate tycoon would flesh out some of his campaign promises such as tax cuts and infrastructure spending, but he gave very little away, fuelling uncertainty about his aspiration to boost the US economy.
Samsung Vice Chairman Lee Jae-yong summoned for questioning on corruption charges related to presidential office scandal
A total of 129,360 vehicles registered in November
Both main crude contracts sank almost four percent on Monday as traders fret over Iraq's commitment to stick to output cuts agreed amid much fanfare by OPEC and other key producers in November.