China News Service, June 9th, according to Korean media reports, on the 9th local time, the Central District Court in Seoul, South Korea rejected the prosecution's application for the arrest of Samsung Electronics Vice Chairman Li Zairong and decided not to approve the arrest.
According to reports, the Chief Judge of the Central District Court in Seoul, Yuan Zhenshu, said that the prosecution’s necessity and rationality for arresting the suspects was insufficient.
Data map: South Korea Samsung Electronics Vice President Li Zairong.
According to reports, after the results were released, Li Zairong, who was waiting at the Seoul Detention Center, immediately returned home.
In addition, the prosecution also rejected the application for the arrest of Cui Zhicheng, the former head of Samsung's future strategy office, and Jin Zhongzhong, the head of the strategy team.
Earlier, the prosecutor submitted to the court on the 4th to approve the arrest of Li Zairong, Cui Zhicheng, and Jin Zhongzhong, alleging that the three persons were suspected of carrying out improper transactions, manipulation of the market, and violation of relevant laws and regulations of the external audit of listed companies under the Capital Market Law.
The prosecutor believes that from the merger of Samsung's Samsung Products and Daiichi Maozhi in 2015, and the subsequent process of accounting fraud in Samsung's biological agents, they are all creating a favorable environment for Li Zairong to succeed.
The report pointed out that the prosecution will further investigate the extent to which Li Zairong is involved in market manipulation and accounting fraud.