Sunday, March 4, 2012

Samsung Electronics dismisses worries about group corruption probe, outlines growth plans

A Samsung Electronics Co. official said Wednesday that a bribery scandal engulfing the Samsung Group conglomerate is no major cause for concern as he outlined ambitious growth plans for the technology giant.

"We are unfazed by all this," Chu Woo-sik, head of investor relations at Samsung Electronics told a forum of investors and analysts, assuring them that the scandal was "nothing to worry about" and that "truth will prevail."

Prosecutors this month launched a probe into allegations that Samsung Group officials kept a slush fund and bribed prosecutors, judges and lawmakers. President Roh Moo-hyun has approved the establishment …

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