Start GRASP/Korea Court denies a request to arrest Samsung's de facto head

Court denies a request to arrest Samsung's de facto head

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NewsHubSEOUL – A Seoul court on Thursday denied a request to arrest one of South Korea’s most powerful men, the heir to the Samsung Electronics juggernaut, in a setback to prosecutors investigating an influence-peddling scandal that toppled South Korea’s president.
The Seoul Central District Court said that a judge concluded that there was not enough justification to detain the 48-year-old billionaire Samsung vice chairman, Lee Jae-yong, at this stage.
The announcement, made around 5 a.m. local time, allowed Lee to return home after a long night. He had been waiting for the court’s decision at a detention center south of Seoul for more than 12 hours after a court hearing the previous day.
Samsung said “the merits of this case can now be determined without the need for detention.”
The decision means that Samsung avoids what could have been a stunning fall for the princeling of the country’s richest family, a man groomed to lead South Korea’s most successful company.
It came amid calls for caution from some business groups and newspapers worried that arresting Lee could hurt the economy because of Samsung’s huge role, both economically and psychologically, in the country.
It is not uncommon in South Korea for courts to issue an arrest warrant past midnight for important or contentious cases, said Shin Jae-hwan, a spokesman for the Seoul court. The long deliberation means the judge must have agonized over the decision, he added.
Prosecutors said Lee gave 43 billion won ($36 million) in bribes to President Park Geun-hye and Choi Soon-sil, her confidante, seeking support for a contentious merger. They also suspect him of embezzling and lying under oath during a parliamentary hearing last month.
The court’s decision may hurt prosecutors’ plan to expand the bribery probe to Park.

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