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Trial Court Judgment relating to Embezzlement

6th Feb 2018 09:50

RNS Number : 0272E
Samsung Electronics Co. Ld
06 February 2018
 

Court Judgment relating to Embezzlement by Officer or Employee

 

In accordance with disclosure regulations for capital markets, Samsung Electronics Co., Ltd. (KS005930,

KS005935, SMSN, SMSD) ("Company") today disclosed the judgment by the High Court regarding the

influence-peddling scandal involving the Company's executives (including former executives) indicted by

the special prosecutor on February 28, 2017.

 

1. Relevant persons: Jae-Yong Lee (Vice Chairman), Gee-Sung Choi (former Vice Chairman),

Choong-Ki Chang (former President), Sang-Jin Park (former President),

Seong-Soo Hwang (former Senior Vice President)

 

2. Judgments on matters related to embezzlement: Found guilty on some charges of violating the Act on the Aggravated Punishment, etc. of Specific Economic Crimes.

 

3. Amount of embezzlement 

Amount of Judgment

KRW 3,634,840,000

Total Equity of the Company

KRW 192,963,032,970,937

Ratio to Total Equity

0.002%

 

4. Company's response

 - The Company will check on the progress of future court proceedings and relevant matters.

 

5. Date of ruling: February 5, 2018

 

6. Date of confirmation: February 6, 2018

 

7. Other information

1) This disclosure is made based on the judgment by the High Court and is subject to change according to

any subsequent appeal to and judgment by the Supreme Court.

2) The total equity mentioned above is based on the Company's consolidated financial statement as of the

end of 2016.

3) The date of ruling indicates the date on which the judgment was issued by the High Court, not the date on which the final determination is made.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCLIFSAFDIRIIT

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