The Supreme Court has ordered the chairman of Samsung Electronics, Lee Kun-hee, to appear before a local court within six weeks to avoid arrest in a decade-old dispute with a supplier over a $1.4 million, or Rs. 8.4 crore (at dollar/rupee rate of 60) payment.
A two-judge panel ruled that an arrest warrant issued against Lee by a local court in Ghaziabad, near New Delhi, would not be executed for six weeks, according to an order posted on the court's website.
Lee will have to appear before the local court and can seek bail and an exemption from further hearings, the Supreme Court judges ruled.
Lee, 72, is South Korea's richest man with a net worth of $11.2 billion, according to Forbes.After Italy, USA, now we have Korea coming into picture.....
A two-judge panel ruled that an arrest warrant issued against Lee by a local court in Ghaziabad, near New Delhi, would not be executed for six weeks, according to an order posted on the court's website.
Lee will have to appear before the local court and can seek bail and an exemption from further hearings, the Supreme Court judges ruled.
Lee, 72, is South Korea's richest man with a net worth of $11.2 billion, according to Forbes.After Italy, USA, now we have Korea coming into picture.....