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Probe on Samsung fraud allegations ongoing

Posted: 14 Jan 2008     Print Version  Bookmark and Share

Keywords:Samsung  bribery  probe started 

According to an Agence France-Presse report, an independent counsel remarked last week that he had started a probe into bribery and fraud allegations again Samsung Electronics Co. Ltd.

"Too many allegations are involved. So I'm not sure that I can get all of them clarified within the given time," the report quoted independent counsel Cho Joon-Woong telling reporters.

The probe will look into claims by the South Korean electronics giant's former chief lawyerthat the company kept Rs.848.79 crore ($215 million) slush fund to bribe prosecutors, government officials and journalists.

Samsung has denied the claims.

The probe can last up to 105 days, but separate investigations by state prosecutors are ongoing.

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