Shares in flagship Samsung Electronics Co Ltd opened down 1.2% , while shares in Samsung C&T Corp, the de facto holding company of Samsung Group, opened down 3.2% compared with the wider market’s KS11 drop of 0.45%. No decision had been made on whether Lee’s arrest would be contested or whether bail would be sought, a spokeswoman for Samsung Group said. The same court had rejected a request last month to arrest Lee, but prosecutors on Tuesday brought additional accusations against Lee, seeking his arrest on bribery and other charges. The judge rejected the prosecution’s request to arrest Samsung Electronics president Park Sang-jin. Her would-be successors praised the decision to arrest Lee.

Source: Dhaka Tribune February 17, 2017 03:27 UTC