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A South Korean court on Tuesday denied an arrest warrant request for Samsung Group heir Jay Y. Lee after prosecutors accused him of accounting fraud and stock manipulation, the court spokesperson said in a statement.
Samsung Group heir Jay Y. Lee arrives for a court hearing to review a detention warrant request against him at the Seoul Central District Court in Seoul, South Korea, June 8, 2020. REUTERS/Kim Hong-Ji
09 Jun 2020 01:41AM
(Updated: 09 Jun 2020 01:45AM)
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SEOUL: A South Korean court on Tuesday denied an arrest warrant request for Samsung Group heir Jay Y. Lee after prosecutors accused him of accounting fraud and stock manipulation.
Prosecutors last week asked the court to issue an arrest warrant against Lee, capping a probe into a 2015 merger of two Samsung affiliates that they said helped facilitate Lee's plan to assume greater control of the group.
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Lee is vice chairman of Samsung Electronics , the world's top maker of smartphones and memory chips.
"It appears that prosecutors have secured considerable amount of evidence through their investigation, but they fell short of explaining the validity to detain Lee," the Seoul Central District Court said in a statement.
Samsung was not immediately available for comment.
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