Samsung's headquarters in Seoul, South Korea has been raided by the country's national prosecutors yesterday. The raid was part of the investigation that was put into place after Samsung Electronics was accused of transferring money to Choi Soon-sil via her daughter. Choi Soon-sil is a close associate/friend of President Park Geun-hye, in addition to being a religious/cult leader. She is accused of using her connection to the President to both influence politics, as well as seeking business "donations" from different organizations.

The accusation against Samsung dictates that a business which is co-owned by Choi Soon-sil and her daughter Jeong Yu-ra had received over €2.8 million/$3.1 million/£2.5 million from Samsung Electronics to fund Ms Choi's horse riding courses in Germany. Although Samsung did confirm the raid, on being prodded further regarding the matter, they opted to state "no further comment."

It seems like Samsung just can't catch a break in 2016. After the international Note 7 disaster, this political scandal will only hamper the already tarnished reputation of Samsung even further. Nevertheless, it is being investigated to see if Samsung was "victimized" through political pressure.

Source

Saikat Kar (tech-enthusiast)