Prosecutors to appeal after Samsung chief Lee cleared over 2015 merger case
Prosecutors to appeal after Samsung chief Lee cleared over 2015 merger case
South Korean prosecutors will appeal a court decision to clear Samsung Electronics Chairman Jay Y. Lee of charges including accounting fraud and stock manipulation in a case related to a 2015 merger of affiliates, court records showed on Thursday.
The Seoul Central District Court cleared Lee, 55, and other former executives of all prosecutors' charges alleging they had engineered a merger between two Samsung affiliates - Samsung C&T 028260.KS and Cheil Industries - in a way that rode roughshod over the interests of minority shareholders.
Samsung did not have an immediate comment.
This article was produced by Reuters news agency. It has not been edited by Global South World.
