The chairman of Samsung, Lee Kun-Hee was questioned by investigators for a whole day for alleged bribery. The powerful business tycoon was questioned twice in the last five days. The investigations into Korea’s biggest business empire began in January and it was feared that these allegations may lead to the division of the family business. Samsung chaebol has about 59 operations which include the massive electronics brand and also it is the second biggest shipbuilder in the world. The assets of the family-run business are worth about 70 billion pounds.

During the 1970s, the chaebol was created under the leadership of General Park Chunghee, the former leader of South Korea. Though several chairmen of chaebol were convicted in the recent years, only little duration in jail has been served by them and they controlled their empires without much hindrance. The inquiry was started on the basis of the allegations by one of the own legal team of Samsung that the company has created a slush fund of about 200 billion won for bribing government officials. But, Mr.Lee and the Samsung group denied the allegations. Also, the whistleblower accused Lee’s family of using corporate money worth 30 million pounds to buy art pieces.