SKorea's Samsung in rough patch with arrest request, recalls - News Summed Up

SKorea's Samsung in rough patch with arrest request, recalls


Prosecutors say they also suspect him of embezzlement and lying under oath. Of four Samsung executives prosecutors have questioned Lee is the only one they have asked to arrest. The prosecutors say they plan to summon Park for questioning as a possible suspect. The merger made him the biggest shareholder in Samsung C&T, increasing the share of Samsung Electronics shares that he effectively controls to about 5 percent. Before prosecutors requested Lee's arrest, Samsung Electronic's share price had been setting record highs, with shareholders anticipating generous dividends.


Source: Fox News January 16, 2017 11:38 UTC



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