SEOUL (Reuters) – Samsung Group’s leader, Jay Y. Lee, appeared prior to a South Korean court on Monday, waiting for a judgment on whether brand-new accusations including accounting scams and stock adjustment will send him back to prison after more than 2 years of liberty.
Samsung Group successor Jay Y. Lee gets here for a court hearing to examine a detention warrant demand versus him at the Seoul Central District Court in Seoul, South Korea, June 8,2020 REUTERS/Kim Hong-Ji
District attorneys recently asked the court to release an arrest warrant versus Lee, culminating a probe into a controversial 2015 merger of 2 Samsung affiliates that they stated helped facilitate Lee’s strategy to presume higher control of the group.
The threat of more prison time for Lee who has led the group given that his daddy’s cardiac arrest in 2014, has actually cast a pall over the corporation and its crown jewel, Samsung Electronics Co, whose annual profits alone is comparable to 12%of South Korea’s gdp.
Lee, 51, wearing a face mask and a dark suit, appeared at the Seoul court for a hearing that started at 10: 30 a.m. (0230 GMT). The Samsung Electronic devices vice chairman did not answer questions from press reporters.
After the hearing, he is anticipated to head to a