HomeNewsWorldSamsung Group says it appreciates chief Jay Y. Lee's release

Samsung Group says it appreciates chief Jay Y. Lee's release

Seoul Central District Court earlier rejected the special prosecution's request for a warrant to arrest Lee, who had been held overnight, for suspected bribery, embezzlement and perjury amid a corruption scandal that led to the impeachment of President Park Geun-hye.

January 19, 2017 / 08:34 IST

Samsung Group said on Thursday it appreciated the fact that the South Korean special prosecutor's case against the head of the group, Jay Y. Lee, can proceed without his detention.

"We appreciate the fact that the merits of this case can now be determined without the need for detention," Samsung Group said in an emailed statement.

Seoul Central District Court earlier rejected the special prosecution's request for a warrant to arrest Lee, who had been held overnight, for suspected bribery, embezzlement and perjury amid a corruption scandal that led to the impeachment of President Park Geun-hye.

first published: Jan 19, 2017 08:34 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347