Samsung Legal Team: "Dismissal Reason Is 'Insufficient Evidence of Criminal Charges'" (Update)

Lee Jae-yong, Vice Chairman of Samsung Electronics, who is under prosecution investigation for allegations of unfair succession of management rights related to the merger of the former Samsung C&T and Cheil Industries, as well as accounting fraud allegations involving Samsung Biologics, is entering the courtroom to attend the warrant hearing held at the Seoul Central District Court in Seocho-gu, Seoul on the 8th. Photo by Kang Jin-hyung aymsdream@

[Asia Economy Reporter Ki-min Lee] Regarding the court's dismissal of the arrest warrant for Samsung Electronics Vice Chairman Lee Jae-yong (52) on the 9th, the Samsung legal team stated, "The court's reason for dismissal was that 'aside from the basic facts, the suspects' responsibility and the existence of criminal charges were not proven, and there was no necessity for detention.'

The Samsung legal team added, "We hope that through a strict review process in the upcoming prosecution investigation review procedure, a decision will be made on whether to continue the investigation and proceed with prosecution."

Earlier, Judge Won Jeong-sook of the Seoul Central District Court, who reviewed Vice Chairman Lee's detention, explained the reason for dismissing the arrest warrant, saying, "There is insufficient evidence to justify the necessity and appropriateness of detaining the suspects, which goes against the principle of non-custodial trials." She added, "The basic facts have been established, and it appears that the prosecution has already secured a considerable amount of evidence through its investigation."

In response, the prosecution expressed regret over the court's dismissal decision, stating, "Considering the seriousness of this case and the evidence secured so far, we regret the court's dismissal." The prosecution also said, "Regardless of the outcome of the warrant trial, we will thoroughly carry out the investigation in accordance with the law and principles."

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