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Friday, March 24, 2017, 11:25

Samsung Elec says it did not provide any illegal financial support

By Reuters

Samsung Elec says it did not provide any illegal financial support
Samsung Electronics America VP, Alanna Cotton, presents the new tablet Samsung Galaxy Book during a press conference on February 26, 2017 in Barcelona. Samsung Electronics Co Ltd said on March 24 that it did not provide any illegal financial support. (AFP / Lluis Gene)

SEOUL - Tech giant Samsung Electronics Co Ltd, one of several South Korean companies caught up in a political influence-peddling scandal, said on Friday it did not provide any illegal financial support.

South Korean president Park Geun-hye is accused of soliciting funds from Samsung Electronics in support of her policies

Samsung Group leader Jay Y. Lee was indicted by a South Korean special prosecution team in February on several charges including bribery. The bribery scandal led to the downfall of President Park Geun-hye , who is accused of soliciting funds from firms such as Samsung Electronics in support of her policies.

READ MORE: SK Group chief to be questioned in corruption probe

Lee, Samsung and Park have all denied wrongdoing.

READ MORE: S. Korea court to reassign Samsung chief bribery case to another judge

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