South Korea’s Supreme Court has cleared Samsung’s de facto leader Jay Y. Lee of all fraud accusations related to a 2015 merger deal. The case, which drew significant public attention amid widespread concerns over corporate corruption in chaebols, ended with the court ruling the merger and accounting practices lawful. Previously acquitted by lower courts, Lee faced allegations of manipulating share prices to consolidate control but was fully exonerated. This verdict strengthens Samsung’s leadership position in the country’s post-pandemic economic recovery.
South Korea’s Supreme Court has acquitted Samsung chief Jay Y. Lee of all fraud charges. The verdict by the highest court marks the conclusion of a long-running case concerning his role in a 2015 merger deal. The report is from the BBC.
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