Samsung Chairman faces arrest unless surrenders in six weeks

He allegedly cheated an Indian firm of $1.4 million in 2002

samsung-chairman-lee-kun-heeIn a fresh jolt to Samsung the Supreme Court today asked its global chairman to surrender before a trial court in Ghaziabad within six weeks. Samsung’s chairman Lee kun-hee faces arrest unless he appears before the local court and seek bail in a 11 year old cheating case.

The apex court has directed that an arrest warrant issued against the Samsung chairman will not be executed for a period of six weeks. If he fails to appear before the court in six weeks, he faces an arrest, according to an order posted on the Apex Court’s website.

β€œIn the meanwhile, the petitioner shall appear before the trial court in session (hearing) of the case and seek bail and/or exemption from appearance in accordance with law,” the court said.

The court, however, made it clear that it was not expressing any opinion on the merit of the case pending before the trial court.

The case goes back to 2002 when an Indian company JCE Consultancy had filed a case of cheating against Samsung Dubai, a wholly owned subsidiary of Samsung Korea. The Indian company had alleged that Samsung Chairman Lee had cheated it of $1.4 million. Earlier, an non-bailable warrant was already issued by the Allhabad court on which Lee had sought both FIR and the warrant be quashed.

However, the apex court had rejected the appeal and asked the 72 year old Samsung chairman to appear before the local court in Ghaziabad. By the time the story went online, Samsung has not issued any statement in this regard.

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