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Samsung chair Lee cleared of all charges in 2015 merger case
Mint New Delhi
|February 04, 2025
Lee had faced a five-year prison sentence along with a $341,000 fine before Monday's decision
Samsung Electronics Co. executive chairman Jay Y. Lee won a court decision clearing him of charges of fraud and stock-rigging, allowing the head of Korea's most influential firm to focus on turning around a struggling electronics business.
The Seoul High Court on Monday upheld an earlier decision clearing Lee, which prosecutors appealed last November. In the original ruling, lower court judges declared that the prosecution failed to prove beyond a reasonable doubt that Samsung or Lee had misled shareholders.
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