A court in South Korea has refused a request by prosecutors to issue an arrest warrant for Samsung chief Lee Jae-yong, who has been accused of bribery, embezzlement and perjury.
It ruled that there was insufficient reason to arrest him.
He was later seen leaving the Seoul detention centre where he had been awaiting the ruling.
The allegations were part of a corruption scandal which led parliament to impeach President Park Geun-hye.
Mr Lee had been waiting for the ruling for more than 12 hours, since a hearing on Wednesday.
“The merits of this case can now be determined without the need for detention,” Samsung said in response to the court order.
A spokesman for the court said the long wait for the ruling was because the judge had needed time to consider various factors before making a decision.
Full Content: Reuters
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
BHP Unveils £31bn Mining Megamerger Proposal with Anglo American
Apr 25, 2024 by
nhoch@pymnts.com
ByteDance Prefers Shutdown Over Sale of TikTok Amid US Ban Threats
Apr 25, 2024 by
CPI
FCC Votes to Restore Net Neutrality Rules
Apr 25, 2024 by
nhoch@pymnts.com
Apple Rejects Spotify’s Updated App Over In-App Pricing Disclosure
Apr 25, 2024 by
CPI
FCC Set to Reinstate Net Neutrality Rules Today
Apr 25, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI