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Samsung chief Jay Y Lee found not guilty of fraud in merger case
short by Mansi Agarwal / on Monday, 3 February, 2025
Samsung Electronics Chairman Jay Y Lee was cleared of accounting fraud and stock manipulation charges by a South Korean court on Monday. The charges were related to a 2015 merger of two Samsung affiliates, which prosecutors said was designed to strengthen Lee's control over the tech giant. The $8 billion merger was between Samsung C&T and Cheil Industries.
read more at Reuters