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Samsung raided in slush fund scandal

SEOUL, Nov. 30 (UPI) -- Officials staged raids in Seoul Friday on a key financial subsidiary and two electronic data centers of Samsung Group, South Korea's largest conglomerate.

Samsung is accused of running slush funds to bribe government figures and conduct other illicit activities, Yonhap reported

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The raids came as prosecutors stepped up a special probe into a corruption scandal at Samsung, a 60-subsidiary business empire that includes Samsung Electronics Co.

"We have seized eight boxes of documents at the head office of Samsung Securities. We also thoroughly searched the offices of employees, including the CEO and other executives," prosecutor Kim Soo-nam told reporters.

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