A PYMNTS Company

South Korea: Court rejects arrest warrant for Samsung heir

By  |  January 18, 2017

A court in South Korea has refused a request by prosecutors to issue an arrest warrant for Samsung chief Lee Jae-yong, who has been accused of bribery, embezzlement and perjury.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    It ruled that there was insufficient reason to arrest him.

    He was later seen leaving the Seoul detention centre where he had been awaiting the ruling.

    The allegations were part of a corruption scandal which led parliament to impeach President Park Geun-hye.

    Mr Lee had been waiting for the ruling for more than 12 hours, since a hearing on Wednesday.

    “The merits of this case can now be determined without the need for detention,” Samsung said in response to the court order.

    A spokesman for the court said the long wait for the ruling was because the judge had needed time to consider various factors before making a decision.

    Full Content: Reuters

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.