FILE PHOTO: The logo of Samsung Electronics is seen at its office building in Seoul, South Korea, March 23, 2018. REUTERS/Kim Hong-Ji/File PhotoMore
SEOUL (Reuters) – A South Korean court approved arrest warrants on Saturday for two executives at Samsung Electronics Co Ltd over their alleged roles in a suspected accounting fraud at the biotech arm of Samsung Group.
The Seoul Central District Court said in a statement it had granted warrants to arrest the executives due to concerns over possible destruction of evidence.
However, the court rejected the prosecution’s request for a warrant to arrest the chief executive of Samsung BioLogics Co Ltd.
Two Samsung Electronics officials were also arrested on suspicion of destroying evidence earlier this month.
South Korea’s financial watchdog in November accused the biotech arm