>> Samsung's boss walking free after a close call in court Thursday. Jay Y Lee spent the night in a South Korean detention center sweating on the outcome of a judge's decision. He's accused of bribery, embezzlement, and perjury in the massive corruption scandal centering on disgraced president, Park Geun-hye.
But the court has thrown out a warrant for his arrest, saying there's no clear reason why he should be detained while the investigation goes on. For prosecutors, the threat of arrest could have been used as leverage for a possible confession and as Reuters Vincent Lee reports, that makes this a major setback.
>> They felt like they had a very strong case against Lee and they sounded reasonably confident that the court would grant their request. So they're somewhat back to the drawing board in terms of how they're going to proceed with the investigation cuz Samsung is a pretty critical component in building their case ultimately against President Park.
>> Lee's still under scrutiny for allegedly paying a $36 million bribe to a close friend of the president and lying under oath to Parliament. And just because he's able to go home doesn't mean he's out of the woods yet.>> This is a temporary reprieve for Lee and Samsung.
It's very likely that the prosecution will formally charge him and other executives. This case will probably last years before we see a final resolution.>> Samsung shares opened higher on the news that Lee was returning home, but analysts aren't convinced it'll be enough to cancel out losses from earlier this week.
They also know this case is far from over, one South Korean hedge fund manager telling Reuters, the only thing that's changed is that now he won't be detained.