Early Friday morning local time, the special prosecutor's office in South Korean have called for the arrest of Lee Jae-yong after "newly added criminal charge and new evidence" solidified his initial accusations of bribery, perjury, hiding assets overseas, and embezzlement.
Lee is accused of influencing last year's impeachment of South Korean President Park Geun-hye, as well as paying out over $37 million in bribes to influence a governmental approval for the merger of two Samsung units according to Reuters. The merger was slated to negatively impact minority stockholders while serving Lee and other members of Samsung's founding family.
Lee inherited an acting vice chairman role from his father, Lee Kun-hee, who was hospitalized in 2014. The 48-year-old billionaire heir is the first Samsung executive to have ever been arrested on criminal charges.