https://techcrunch.com/2020/06/08/south-korean-court-denies-prosecutors-arrest-warrant-request-for-samsung-heir-jay-lee/

A South Korean court denied an arrest warrant request for Samsung Group heir apparent Jay Y. Lee, saying that although prosecutors’ secured “a considerable amount of evidence,” it was still not enough to detain Lee. Prosecutors filed for the warrant last week, accusing Lee of accounting fraud and stock manipulation.

Prosecutors allege that the value of electronics materials provider Cheil Industries was artificially inflated before its 2015 merger with Samsung C&T, Samsung’s de facto holding company, to create a more favorable rate for Lee, who was then the largest shareholder in Cheil.