- Thread starter
- Staff
- #1
Dadparvar
Staff member
- Nov 11, 2016
- 10,694
- 0
- 6
The Seoul Central District Court on Monday denied an arrest warrant request for Samsung Group heir Jae Y. Lee.
Allegations submitted by prosecutors included accounting fraud and stock manipulation relating to the alleged role of Lee in the 2017 political scandal in South Korea and the controversial merger of C&T and Cheil Industries in 2015. The prosecution claimed that the move allowed Lee to gain greater control of the group, but Lee denied these allegations, stating that it would be “beyond common sense” for him to be involved in decision making that would amount to stock manipulation.
The South Korea court rejected the arrest warrant request for Lee and two other former executives of the Samsung group, stating that there was an “insufficient explanation of the need” to place Lee in custody. Prosecutors for the case have stated they will continue investigation before reapplying for an arrest warrant.
The post South Korea court denies arrest warrant request for Samsung heir appeared first on JURIST - News - Legal News & Commentary.
Continue reading...
Note: We don't have any responsibilities about this news. Its been posted here by Feed Reader and we had no controls and checking on it. And because News posted here will be deleted automatically after 21 days, threads are closed so that no one spend time to post and discuss here. You can always check the source and discuss in their site.
Allegations submitted by prosecutors included accounting fraud and stock manipulation relating to the alleged role of Lee in the 2017 political scandal in South Korea and the controversial merger of C&T and Cheil Industries in 2015. The prosecution claimed that the move allowed Lee to gain greater control of the group, but Lee denied these allegations, stating that it would be “beyond common sense” for him to be involved in decision making that would amount to stock manipulation.
The South Korea court rejected the arrest warrant request for Lee and two other former executives of the Samsung group, stating that there was an “insufficient explanation of the need” to place Lee in custody. Prosecutors for the case have stated they will continue investigation before reapplying for an arrest warrant.
The post South Korea court denies arrest warrant request for Samsung heir appeared first on JURIST - News - Legal News & Commentary.
Continue reading...
Note: We don't have any responsibilities about this news. Its been posted here by Feed Reader and we had no controls and checking on it. And because News posted here will be deleted automatically after 21 days, threads are closed so that no one spend time to post and discuss here. You can always check the source and discuss in their site.