Business Standard

Samsung's Jay Lee walks free as South Korean court dismisses arrest warrant

He found himself amid a graft scandal that has led to the impeachment of President Park Geun-hye

Jay Y Lee, Park Geun-hye, South Korea, Samsung
Premium

Jay Y Lee (centre), the vice-chairman of Samsung (<b>Photo: Reuters</b>)

Reuters
A South Korean court on Thursday dismissed a warrant to arrest the head of the Samsung Group, the country's largest conglomerate, amid a graft scandal that has led to the impeachment of President Park Geun-hye.

The pre-dawn decision by the Seoul Central District Court to allow Jay Y. Lee to go home is likely to come as a major relief to Samsung Group, which the 48-year-old has led after his father and founding Lee family patriarch Lee Kun-hee was incapacitated after a May 2014 heart attack.

Lee, who had been questioned for 22 hours last week and was held overnight on Wednesday

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in