Elliot "The former government supports the merger for Samsung Corporation's family business"

Elliott, "The former government supports the merger of the company for the family of General Samsung"

Elliott, "the previous government, the merger and the image of the country were also damaged"

(Seoul = News 1) Journalist Yang Jong-Kon, Choi Dong-sun | 2018-07-14 11:00

2015.7.1 / News 1 © News1 journalist Park Ji-hye

The private equity firm Eliot in the United States claims about 800 billion won in merger damages between Samsung C & T and Cheil Industries (ISD) to the Korean government.

Eliot pointed out that the Park Geun-hye government helped Samsung's C & T merger for Samsung's family, damaging shareholders and damaging the country's image.

Elliot said in a statement on the 14th, "The former government (Park Geun-hye) illegally intervened in the merger of Samsung C & T Corporation," Eliot has been investing in Samsung C & T for years, paying close attention to the potential of Samsung C & T before the merger, but the former government has taken steps to help Samsung's economic interests because of the total opposition to the merger. "

Eliot, who filed a letter of intent to the Korean government on April 13, was able to file a lawsuit after 90 days of arbitration.

Eliot said that Park, he said in his statement that he had withdrawn a substantial financial gain from the vice president.The lawsuit of former President Park Geun-hye, deputies of Samsung, the Ministry of Health and Welfare and the national pension was the basis of this claim.

Eliot said: "We were not the only victims of this unfair and unjust treatment," said the South Korean government (Park Geun-hye) in the vote on the merger, which violates the internal procedures of the National pension.

Eliot said: "The former government has adopted a hostile attitude by aggressively adopting foreign investment," adding: "The merger with Samsung C & Seriously damaged."

Dan Eliot also revealed the possibility of resolving conflicts with the Korean government. Eliot added: "We hope to solve the problem by an agreement," he added, "until now, we represent our investors and exercise our (own) rights decisively."

The government plans to actively respond to the lawsuit by forming a joint response system with the relevant ministries.

ggm11 @