SAMSUNG CHAIRMAN LEE UNDER HOT WATER

SAMSUNG CHAIRMAN LEE UNDER HOT WATER

The Supreme Court on India has issued an order against Samsung Electronics Chairman Lee Kun-hee on Wednesday to appear before a Ghaziabad court over the next six weeks in a case related to a dispute over non-payment of $1.4 million. Indian consultancy firm JCE Consultancy filed the case against Lee for allegedly non-payment of 1.4 Million Dollar. In November 2001, JCE claimed it had sold goods worth $1.37 million to Sky Impex Ltd, a Dubai-based firm that purchased the products on behalf of Samsung Gulf Electronics, a unit of Samsung, South Korea. JCE claimed that Samsung did not “honor” its commitment under the bill of exchange. Lee is also facing an arrest warrant for his non-appearance in the case issued by a bench of Justices C.K.Prasad and P.C.Ghose.

Commenting on the scenario, the bench said, “However, the warrant of arrest issued against the petitioner (Lee) shall not be executed for a period of six weeks starting from 31 March.”

Further the bench added, “in the meanwhile the petitioner shall appear before the trial court in session of the case and seek bail and/or exemption from appearance in accordance with the law.”

Lee challenged the order of Allahabad’s High Court and appealed a plea for dismissing the arrest warrant issued against him but on Monday an order was passed by the bench on appeal. After the case was registered, Lee approached the High Court and Supreme Court for dismissing the FIR against him but both the courts rejected his plea.

“Lee was not involved in the day-to-day operations of the many overseas subsidiaries of Samsung and expressed confidence the Indian courts will recognize his innocence and deliver justice”, according to a Samsung spokesperson.