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Samsung Corruption Case

South Korean court acquits Samsung chief Lee Jae-yong of financial crimes

A South Korean court acquitted Samsung Electronics Chairman Lee Jae-yong who was accused of stock price manipulation and accounting fraud in relation to a contentious merger between two Samsung affiliates in 2015 that tightened his grip over South Korea's biggest company. The ruling by the Seoul Central District Court on Monday could ease the legal troubles surrounding the Samsung heir less than two years after he was pardoned of a separate conviction of bribing a former president in a corruption scandal that toppled a previous South Korean government. The court said the prosecution failed to sufficiently prove that the merger between Samsung C&T and Cheil Industries was unlawfully conducted with an aim to strengthen Lee's control over Samsung Electronics. Prosecutors had sought a five-year jail term for Lee. It wasn't immediately clear whether they would appeal. Lee had denied wrongdoing over the current case, saying that the 2015 merger was part of normal business activity. Lee .

South Korean court acquits Samsung chief Lee Jae-yong of financial crimes
Updated On : 05 Feb 2024 | 12:07 PM IST

S Korea's ruling party chief hints at Samsung scion Lee Jae-yong's pardon

The chairman of the ruling Democratic Party (DP) has hinted at the potential parole of Lee Jae-yong, the de facto head of Samsung Group

S Korea's ruling party chief hints at Samsung scion Lee Jae-yong's pardon
Updated On : 07 Jun 2021 | 10:13 AM IST

Samsung heir apologises for corruption, won't hand control to children

He also apologised for the behaviour of executives caught sabotaging labour union activities, and vowed to guarantee labour rights at the tech giant

Samsung heir apologises for corruption, won't hand control to children
Updated On : 06 May 2020 | 3:18 PM IST

Samsung corruption probe: South Korean investigators raid pension offices

Samsung faces probe for allegedly bribing State officials to approve a controversial merger

Samsung corruption probe: South Korean investigators raid pension offices
Updated On : 21 Dec 2016 | 12:27 PM IST