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Samsung Chairman Lee Jae-yong Acquitted of Stock Manipulation Charges

Published: 05 February 2024 at 08:22

Business

Lee Jae-yong, executive chairman of Samsung, has been acquitted of stock manipulation charges related to a 2015 merger that helped him gain control of the company. This comes after he was previously found guilty of bribery and corruption in 2017 but later released on appeal and pardoned. The Seoul Central District Court ruled that the prosecution failed to prove that the merger was unlawfully conducted with the intent to strengthen Lee\'s control over Samsung Electronics. Prosecutors had sought a five-year jail term for Lee.

Samsung Chairman Lee Jae-yong Acquitted of Stock Manipulation Charges Samsung Chairman Lee Jae-yong Acquitted of Stock Manipulation Charges Samsung Chairman Lee Jae-yong Acquitted of Stock Manipulation Charges Samsung Chairman Lee Jae-yong Acquitted of Stock Manipulation Charges

SOURCES

Al Jazeera

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Al Jazeera

CNN

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AP News

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The Verge

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Fox News

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TechCrunch

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Engadget

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Gizmodo

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Gizmodo

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