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Companies

Samsung leadership in turmoil as prosecutors target inner circle

Tech giant risks distraction in competition with Huawei

Distractions at the top come at a time when Samsung Electronics could potentially capitalize on the troubles facing Chinese rival Huawei Technologies.   © Reuters

SEOUL -- Key leadership at Samsung Electronics, one of South Korea's mightiest family conglomerates, is in turmoil after the recent arrest of several senior executives for involvement in an alleged accounting fraud and as prosecutors extend their investigation to the inner circle of de facto chief executive Lee Jae-yong.

Prosecutors last week arrested a senior vice president at Samsung Electronics, also surnamed Lee, for allegedly ordering the company's drugmaking affiliate Samsung BioLogics to bury computer servers and laptops under the floor of its factory in Incheon as an investigation into accounting fraud widened.

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