Samsung Biologics files lawsuit demanding cancellation of SFC’s action
Samsung Biologics files lawsuit demanding cancellation of SFC’s action
  • Dan Yoo
  • 승인 2018.11.29 11:27
  • 댓글 0
이 기사를 공유합니다

Image: mbc news capture
Image: mbc news capture

Samsung Biologics filed an administrative lawsuit demanding that the Securities and Futures Commission (SFC) under the Financial Services Commission cancel its administrative action that Samsung Biologics committed accounting fraud. The company said on Nov. 28 that it filed an administrative lawsuit against the ruling of the commission to the Seoul Administrative Court on Nov. 27.

The Seoul Administrative Court distributed the case to the administration department No. 3. Some predict that the first trial will take place early next year, which usually takes about three months to the date of the first hearing.

Samsung Biologics changed the then-subsidiary Samsung Bioepis to a relevant company in 2015, and Samsung Biologics, which had been in deficit for four years since its establishment in 2011, turned into a surplus.

The commission issued administrative measures including a request to correct the financial statements and a recommendation to dismiss the CEO and his or her staff, calling it "intentional accounting fraud."

In response, Samsung Biologics said that it consulted three accounting firms, including Samil, Samjeong and Anjin, and it accepted opinions from financial authorities.

Samsung Biologics has also filed an application to suspend the execution until a ruling is made. "Manipulating data at a company that deals with life breaks down the company's credibility. We will get legitimacy of the accounting through the lawsuit," a Samsung Biologics official said.


댓글삭제
삭제한 댓글은 다시 복구할 수 없습니다.
그래도 삭제하시겠습니까?
댓글 0
댓글쓰기
계정을 선택하시면 로그인·계정인증을 통해
댓글을 남기실 수 있습니다.

  • Korea IT Times: Copyright(C) 2004, Korea IT Times. .Allrights reserved.
  • #1206, 36-4 Yeouido-dong, Yeongdeungpo-gu, Seoul, Korea(Postal Code 07331)
  • 서울특별시 영등포구 여의도동 36-4 (국제금융로8길 34) / 오륜빌딩 1206호
  • * Mobile News: m.koreaittimes.com
  • * Internet news: www.koreaittimes.com
  • * Editorial Div. 02-578-0434 / 010-2442-9446 * PR Global/AD: 82-2-578-0678.
  • * IT Times Canada: Willow St. Vancouver BC
  • 1-778-686-0116/ 070-7008-0005
  • * Email: info@koreaittimes.com
ND소프트