Samsung chief Lee Jae-yong is acquitted of financial crimes by South Korean court
- Samsung Electronics Chairman Lee Jae-yong has been acquitted by a South Korean court of financial crimes related to a 2015 merger that increased his control over the company.
- Prosecutors had sought a five-year jail term for Lee, accusing him of stock price manipulation and accounting fraud, but failed to prove their case. Lee maintained that the merger was "normal business activity."
- Lee had previously served 18 months in prison for separate bribery charges related to the 2015 deal, but was released on parole in 2021 and pardoned by South Korean President Yoon Suk Yeol in August 2022.
94 Articles
94 Articles
FT: Chairman da Samsung é absolvido de acusações de manipulação de ações e fraude
Herdeiro do maior conglomerado da Coreia do Sul foi acusado por promotores de manipular os preços das ações de duas subsidiárias da Samsung, a Samsung C&T e a Cheil Industries, para facilitar a fusão das duas companhias em 2015
In South Korea, Samsung boss acquitted in succession suit related to 2015 merger
The ruling could ease the legal troubles surrounding the Samsung heir, less than two years after he was pardoned of a separate conviction of bribery in a corruption scandal that helped topple a previous South Korean government.
Lee Jay Yong is considered one of South Korea's most powerful managers. However, the head of memory chip market leader Samsung repeatedly came into conflict with the law.
Samsung boss acquitted of financial crimes in surprise ruling
By Yoonjung Seo, CNN Seoul (CNN) — The billionaire boss of Samsung Electronics, one of the world’s biggest technology firms, will not serve more jail time. Lee Jae-yong was found not guilty by a Seoul court on Monday on charges of stock manipulation and accounting fraud connected to a controversial merger in 2015 of two Samsung affiliates. The acquittal comes as a big relief to Lee, who has been embroiled in legal problems for years. Last year, …
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