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Apr 04, 2014, 06.06 PM IST | Source: CNBC-TV18

Anand Sharma defends Samsung chief; fears ramifications

JC Consultancy, a Delhi-based company, had moved court saying that Samsung owed the company USD 1.4 million. Couple of days back, the Supreme Court had asked Lee Kun Hee to appear in the Ghaziabad Court in the next six weeks.

The recent Supreme Court direction to Samsung chairman Lee Kun Hee has led to many red flags being raised within the Commerce Ministry which is responsible for attracting investments into India. Top executives of the company met officials in Udyog Bhawan to find a way out of the crisis while commerce minister Anand Sharma said that the summoning the chairman may hamper South Korean investments into India.

JC Consultancy, a Delhi-based company, had moved court saying that Samsung owed the company USD 1.4 million. Couple of days back, the Supreme Court had asked Lee Kun Hee to appear in the Ghaziabad Court in the next six weeks.

Also read: SC asks Samsung chief to surrender in 6 weeks

The West Asian chief of Samsung is going to meet the DIPP secretary Amitabh Kant to brief him about the case today.

CNBC-TV18 spoke to commerce minster who said, while this case will be decided by the local court, it may not have been right to summon Samsung chairman himself to India. He said the Samsung Chairman does not look after day-to-day activities. Anand Sharma has directed his officials to look into the matter, talk to Samsung and brief him on what can be done.

He does not rule out taking legal opinion on if any relief can be given or any exemption actually can be given to the Samsung chairman regarding appearance in Ghaziabad local court.

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