Hermes Investment Management has the dubious distinction of being reportedly the first foreign fund to be indicted in South Korea, Financial Times reports. Prosecutors charge Hermes and a former fund manager, Robert Clements, of manipulating the stock of Samsung Corp. by boosting share price only days before it sold its 5% stake. Hermes reportedly netted 29.2 billion won from the scheme. Clements, according to FT, also sold his personal shares in Samsung before the price dropped. The Seoul Prosecutor's Office has issued a warrant for Clements' arrest and is seeking judge-only summary judgment, as well as a fine of $7.6 billion be imposed on Hermes.