s korea pension fund head detained in park probe
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice
Emiratesvoice, emirates voice
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

S. Korea pension fund head detained in Park probe

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice S. Korea pension fund head detained in Park probe

South Korean President Park Geun-Hye
Seoul - Arab Today

South Korea's state-run pension fund chief was detained Wednesday in a widening probe to determine whether President Park Geun-Hye forced companies including Samsung to offer bribes, a spokesman said.

As part of an ongoing corruption scandal, Park is accused of colluding with long-time confidant Choi Soon-Sil to strong-arm companies like Samsung into handing over tens of millions of dollars to dubious foundations which Choi controlled.

During investigations, former health minister Moon Hyung-Pyo -- now National Pension Service (NPS) chief -- has been accused of pressuring the state pension fund to back a controversial merger of two Samsung units when he served in the health ministry.

He has denied all allegations but was detained after a key NPS official told investigators he was pressured by the health ministry to vote for the merger, Yonhap news agency said.

"Moon was taken into emergency detention early this morning", the spokesman of the Special Prosecutor's Office told journalists.

Investigators now have to decide whether to formally arrest Moon before the emergency detention period expires in 48 hours.

Parliament voted to impeach Park Geun-Hye on December 9, accusing her of constitutional and criminal violations ranging from a failure to protect people's lives to bribery and abuse of power.

The case is now being considered by the Constitutional Court which was given 180 days to rule on the validity of the impeachment.

The merger of Samsung units Cheil Industries and Samsung C&T was seen as a crucial step to ensure a smooth father-to-son power transfer to Lee Jae-Yong, scion of Samsung's founding family.

Critics said it undervalued Samsung C&T stock but the NPS -- the world's third largest public pension fund and a major Samsung shareholder -- voted in favour of the deal, allegedly incurring hundreds of millions of dollars of loss for NPS subscribers.

During the impeachment hearing, the court also ordered Park's attorneys to clarify the president's whereabouts after the disastrous Sewol ferry sinking in 2014 before her first appearance at an official meeting to discuss the government's response.

She was taken to task for her alleged failure to respond promptly to the tragedy that claimed 304 lives, mostly students.

Unconfirmed media reports have suggested a range of theories about her activities, including cosmetic surgery and a haircut. 

Investigators on Wednesday raided the Seoul National University Hospital, a plastic surgery clinic and another hospital suspected of carrying out cosmetic surgery treatments on Park. 

Source: AFP

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

s korea pension fund head detained in park probe s korea pension fund head detained in park probe

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

s korea pension fund head detained in park probe s korea pension fund head detained in park probe

 



GMT 09:58 2016 Wednesday ,23 March

cartoon four

GMT 10:16 2016 Wednesday ,23 March

cartoon five

GMT 05:04 2024 Tuesday ,06 February

Skincare PR Performance Full Year 2017

GMT 09:31 2017 Thursday ,19 October

'The Insult' takes on taboos of Lebanon's civil war

GMT 11:50 2017 Friday ,22 December

K-pop stars carry suicide singer's coffin

GMT 11:54 2014 Monday ,08 December

Starwood expands footprint in Sri Lanka

GMT 20:32 2016 Monday ,13 June

China Launches Navigation Satellite

GMT 13:01 2017 Tuesday ,11 July

Fadl Shaker could face trial in Lebanon

GMT 08:04 2017 Monday ,10 July

Actress Amira Hany happy for “Blood Series”

GMT 21:36 2011 Monday ,02 May

Be bling and flash your cocktail ring

GMT 12:38 2017 Tuesday ,28 February

Assad wants ‘every inch’ of Syria, not just Raqqa

GMT 11:17 2011 Tuesday ,02 August

EU ambassador to remain in Syria
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice