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Young Na, Nov. 2, 2016: Prosecutors look into suspected Samsung payments to Choi Soon-sil

January 4, 2017

Young Na, Nov. 2, 2016,
QUOTE: The prosecution said Wednesday that it is looking into the suspicion that Choi Sun-sil, President Park Geun-hye’s confidante, allegedly received massive funding from Samsung Electronics through a paper company established in Germany.
The special prosecutorial team, launched to investigate the high-profile Choi case, said it found signs that about 3.5 billion won ($3 million) of Samsung’s funds had been sent to Widec Sports, a company that Choi and her daughter Chung Yoo-ra jointly established in Germany. END OF QUOTE

QUOTE: Speculation grew that Choi established Widec Sports to allegedly misappropriate the funds of two organizations — Mir Foundation and K-Sports Foundation — which are suspected to have been established upon massive “donations” from Korean conglomerates under Choi’s influence. END OF QUOTE


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