Prosecutors raid Samsung office

(Fin24) - Investigators probing alleged corruption at the massive Samsung conglomerate raided an office of Chairperson Lee Kun-hee, an official said on Monday, as part of a special probe reluctantly approved last year by South Korea's president.

Kang Dong-ju, an official with the team carrying out the probe, would say only that a total of eight locations associated with Samsung Group executives were raided. South Korean media said Lee's home was part of the sweep, though Kang only mentioned an office.

Lee, who late last year marked 20 years at the helm of Samsung, is widely reported to mostly work from his residence. Photos and television footage showed what appeared to be prosecutors entering and later leaving his hilltop Seoul home.

Yim Jun-seok, a Samsung spokesperson, said earlier that he could not confirm media reports of the raid and could not be reached later.

Samsung, a conglomerate spanning dozens of companies with interests ranging from construction to shipbuilding, is anchored by Samsung Electronics, South Korea's biggest corporation.
 

Read more at Fin24