Day: June 7, 2020

Court to decide whether to jail embattled Samsung heir again

SEOUL (Reuters) – 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.

FILE PHOTO: Samsung Electronics Vice Chairman, Jay Y. Lee, speaks during a news conference at a company’s office building in Seoul, South Korea, May 6, 2020. REUTERS/Kim Hong-Ji/Pool

Lee, 51, is scheduled to appear in the Seoul Central District Court at 10:30 a.m. (0230 GMT), then head to a detention centre to await the judge’s decision, expected as early as same day.

Prosecutors on Thursday asked the court to issue an arrest warrant against Lee on suspicion of stock-price manipulation, audit-rule violations and other offences, culminating a probe into accounting fraud and a contentious 2015 merger of two Samsung affiliates that they said

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