Former executive summoned in Samsung probe: reports

0 Comments | AFP, January, 2008

SEOUL (AFP) — South Korean special prosecutors investigating claims that the Samsung group operated a huge bribery slush fund summoned a former executive for questioning on Friday, media reports said.

Sung Young-Mok is the first person to be summoned by the team probing alleged corruption at the country's largest conglomerate, YTN television and Yonhap news agency said.

Sung was formerly with the finance team at the group secretariat and CEO of Samsung Securities. He is now chief executive of the luxury Hotel Shilla in Seoul.

The reports said he was being questioned about bank accounts opened under the names of group executives and allegedly used to hide millions of dollars in slush funds.

State prosecutors earlier reportedly discovered some 500 such...