Prosecutors in South Korea have asked the court to issue a warrant for the arrest of the actual head of the Samsung Corporation Lee Jae-Yong and two former top managers of the company. According to Reuters, Mr. Lee, among other things, suspected of manipulating stock prices, financial fraud reporting and involvement in questionable deal in 2015 between the two units of the Samsung. The Central Seoul court should consider the request from the Prosecutor’s office on 8 June. We are talking about suspicion of fraudulent statements, the company Samsung Biologics: according to the regulator, in 2015, the company’s value was inflated to 4.5 trillion won ($3.7 billion). This increased cost is the main shareholder of Samsung Biologics, Cheil Industries, in merger with Samsung C&T, and Mr. Lee was one of the major shareholders Cheil Industries. Critics believe that this, among other things, strengthened the position of Mr. Lee as a successor to his father at the head of the company. Although formally the head of Samsung’s 78-year-old Lee Hong Hee, in fact, the company is already not the first seriously ill father directs his son Lee Jae-Yong. In 2017 he was arrested on charges of bribery, embezzlement, concealment of assets abroad, embezzlement and perjury — the court then sentenced Mr. Li to five years of imprisonment. However, in February 2018, he was released from prison by the appeals court although upheld the portion of the judgment against him, reduced the sentence to two and a half years suspended prison sentence, so that Mr. Lee was immediately released from custody.Yana Christmas
