Printed from http://www.electronista.com

Samsung CEO surrenders to India court over $1.2 million unpaid debt

updated 10:41 am EDT, Wed April 2, 2014

India court alleges CEO personally responsible for supplier debt

An arrest warrant has been issued against Samsung Electronics CEO Lee Kun-hee in India. The executive must appear before a court in Ghaziabad within six weeks' time to answer charges alleged from a supplier. The executive has surrendered before the court, to answer the charges of willfully not paying the promissory note worth more than $1.4 million dollars for more than a decade.

Lee has addressed the court, is seeking bail, and is attempting to obtain an exemption for having to appear in the court to address the charges before that time, or the arrest order will be executed. In its denial of the CEO's appeal, and its order to appear before the court, the two-judge panel declared that "we make it clear that we have not expressed any opinion in regard to the merit of the case."



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Plantronics Rig Surround 7.1 headset

Trying to capture the true soundscape of video games can be a daunting task. Looking to surround-sound home theater options, users hav ...

Kenu Airframe +

Simple, stylish and effective, the Kenu Aiframe + portable car mount is the latest addition to Kenu's lineup. Released earlier this ye ...

Adesso Compagno X Bluetooth keyboard

The shift from typing on physical keyboards to digital versions on smartphones and tablets hasn't been an easy for many consumers. Fro ...

Sponsor

toggle

Most Commented

 
toggle

Popular News