June 09, 2014 09:18
Samsung chairman Lee Kun-hee has been ordered to appear before an Indian court in a dispute over a US$1.4 million payment.
The case dates back to 2002, when the Dubai subsidiary of Samsung Electronics ordered $1.37 million worth of coke calcination packages from JCE Consultancy of New Delhi but never paid for them.
JCE Consultancy filed a criminal complaint in 2005.
The Indian court summoned Lee in April, shortly before a massive heart attack confined him to hospital. Samsung applied for the summons to be lifted but was turned down.
A Samsung spokesman said Lee "has no ties to this case whatsoever. We believe that the Indian courts will recognize that Samsung is in fact the victim of international fraud and deliver justice accordingly."
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