South Korea seeks arrest warrant for Samsung heir in merger probe

  • 📰 Reuters
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 97%

United States Headlines News

United States Latest News,United States Headlines

South Korean prosecutors have requested an arrest warrant against Samsung Group heir Jay Y. Lee and two former company executives, they said on Thursday, in an investigation of a controversial 2015 merger and alleged accounting fraud.

The move spells fresh legal trouble for Lee, who already faces trial on a charge of bribery aimed at winning support to succeed ailing group patriarch Lee Kun-hee, and which involved former President Park Geun-hye.

Prosecutors said the warrant against Lee was sought on suspicions of stock price manipulation, among other offences.Lee, 51, spent a year in detention until the bribery case was suspended in 2018, but the possibility of a tougher sentence has emerged after the Supreme Court overturned a lower court ruling on the case last year.

Prosecutors have been investigating suspected accounting fraud at drug company Samsung Biologics after the Korean financial watchdog complained the firm’s value had been inflated by 4.5 trillion won in 2015. Last month, Lee was questioned by prosecutors investigating the accounting fraud accusation and a controversial 2015 merger they said may have helped him advance his succession-planning agenda at South Korea’s top conglomerate.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

U.S., South Korea agree of funding of Korean workers, Pentagon saysThe Pentagon on Tuesday said that it had come to an agreement with South Korea on a proposal for Seoul to fund thousands of Korean workers who were put on unpaid leave earlier this year.
Source: Reuters - 🏆 2. / 97 Read more »

US and South Korea reach agreement to fund Koreans working for US Forces KoreaThe Pentagon has announced that the Department of Defense and South Korea have reached a new cost-sharing agreement for the country to fund over 4,000 Korean nationals who work for US Forces Korea through the end of 2020 DavidDorn Gradually under the watch of Trump, US is becoming a state of Anarchy because the people are now standing for what is right and the government is not looking in the peoples direction justiceforgorgefloyd
Source: CNN - 🏆 4. / 95 Read more »

Temporary pact reached on funding South Korean workers at U.S. basesThe Pentagon said on Tuesday that it had accepted a proposal from South Korea for it to temporarily fund thousands of Korean workers at U.S. bases who were put on unpaid leave this year.
Source: Reuters - 🏆 2. / 97 Read more »

South Korea mandates QR codes to log customers after nightclub coronavirus outbreakSouth Korea is testing a new quick response (QR) code system this week to log visitors at high-risk entertainment facilities, restaurants and churches in a bid to track coronavirus cases and prevent further spread of the disease. Sounds like a human blockchain is being created We need some PHI QR-Code scanning! 'Quick! Check my diabetes status!' This could be an interesting new dating experience. Nope I’d stay home
Source: Reuters - 🏆 2. / 97 Read more »

Japan talking with South Korea about export controls: trade ministerJapan is engaged in dialogue with South Korea on export controls, the Japanese trade minister said on Tuesday, declining to elaborate on Seoul's request for Tokyo to remove restrictions on exports of technological materials.
Source: Reuters - 🏆 2. / 97 Read more »

UK in 5G talks with suppliers from Japan, South Korea: sourceBritish officials have discussed supplies of 5G networking equipment with companies in South Korea and Japan as part of a bid to develop alternatives to China's Huawei Technologies Co Ltd, a person with knowledge of the matter told Reuters. Bye bye China No country should have monopoly on such an important technology for the future of mankind. Not China, not USA or any other country. At the end of the day; all superpowers are absolute selfish shit, we must take lessons from history. Good for them
Source: Reuters - 🏆 2. / 97 Read more »