NEW DELHI, April 2 India's Supreme Court has
ordered Samsung Electronics Chairman 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
A two-judge panel ruled on Monday 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 having to appear, the Supreme Court
Lee, 72, is South Korea's richest man with a net worth of
$11.2 billion, according to Forbes. Samsung did not have any
immediate comment on the Supreme Court order.
The Supreme Court's verdict came after an appeal by Lee, who
local media said had sought to have the criminal proceedings
against him dropped. The Supreme Court dismissed his petition.
"We make it clear that we have not expressed any opinion in
regard to the merit of the case," the panel of judges said in
its order for Lee to appear.
(Reporting by Devidutta Tripathy; Editing by Douglas Busvine
and Matt Driskill)