A South Korean court will rule as soon as Monday whether to send Samsung Group heir Jay Y. Lee back to jail after more than two years of freedom, as new allegations dog the executive and cast a pall over the country's top conglomerate.
SEOUL - A South Korean court will rule as soon as Monday whether to send Samsung Group heir Jay Y. Lee back to jail after more than two years of freedom, as new allegations dog the executive and cast a pall over the country’s top conglomerate.
Lee, 51, is scheduled to appear in the Seoul Central District Court at 10:30 a.m. , then head to a detention centre to await the judge’s decision, expected as early as same day. Samsung on Friday denied the stock-manipulation allegation against Lee, saying it was “beyond common sense” to claim Lee was involved in the decision-making.
Samsung said “groundless, incorrect and speculative media reports” about Lee would “never be desirable, not only for Samsung but for the future of the Korean economy.”He served in jail for about one year until Feb. 2018 for his role in a bribery scandal involving former President Park Geun-hye.
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