BUSINESS

Corruption Scandal Spreads at Samsung

03/28/2008 02:45 am ET | Updated May 25, 2011

A corruption scandal at the Samsung Group, the South Korean conglomerate, widened on Tuesday as prosecutors opened a formal investigation into charges that its chairman masterminded a broad scheme of bribery and illegal transactions.

Prosecutors are investigating three major accusations of criminal behavior: the creation of a slush fund; the bribery of prosecutors and government officials; and an effort by the chairman, Lee Kun Hee, and his aide to illegally help his son take over control of Samsung.

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