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

Advertisement

Recent Reviews

Seagate Wireless

It seems like no matter how much internal storage is included today's mobile devices, we, as users, will always find a way to fill the ...

Lenovo Yoga Tablet 2 (Android, 10.1-inch)

Lenovo is building a bigger name for itself year after year, including its devices expanding beyond desktop computers. The company's l ...

Brother HL-L8250CDN Color Laser Printer

When it comes to selecting a printer, the process is not exactly something most people put a lot of thought into. Printers are often t ...

Advertisement

toggle

Most Commented

 
toggle

Popular News