Africa-Press – Eritrea. South Korean prosecutors will appeal a court decision to clear Samsung Electronics (005930. KS), opens new tab 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.
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