Summoning Samsung chief to hurt investment: Sharma

“Samsung is one of the largest companies of Korea and it has huge presence and investments in India … it sends a very negative message and will definitely adversely impact the investment and business climate. But the courts have to take a view. I feel that such extreme steps will send shock waves among the corporate world. That should be avoided. The authorities concerned need to be very careful and exercise caution,” he said.

Earlier in the day, BD Park, MD, Samsung India accompanied by Samsung India’s deputy MD Ravinder Zutshi, met DIPP secretary Amitabh Kant and commerce secretary Rajeev Kher.

“In both the meetings, we explained the entire issue and informed the government regarding the view of Samsung India in the case. We are waiting for a response from the government,” Zutshi said.

It is believed that since the matter is sub judice the government thinks it would not be appropriate for it to intervene at the moment. The non-bailable arrest warrant issued by the court has, however, been suspended for six weeks.