Samsung's Jay Y Lee was arrested today
The Crown Prince of Samsung
Lee accused of paying nearly $40 million in bribes
Jay Y. Lee is the grandson of Lee Byung-Chul
He studied East Asian history and Business Administration
He joined Samsung as Chief Customer Officer
He is allegedly involved in bribing, embezzlement and perjury
Lee will be detained at the detention centre in Southern Seoul
Samsung's shares tumbled after his arrest
Samsung has not announced any personnel promotions yet
A huge blow to Samsung's reputation
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