Samsung chief Jay Lee cleared all the allegations of the merger case in 2015.
The Seoul Court of Appeal on Monday upheld Samsung Electronics Jay Y. Lee’s acquittal in accounting frauds and shares in a case related to the 2015 Case of Samsung, Cheil Industries.
The Supreme Court in Seoul dismissed the prosecutor’s prosecutor’s appeal in the case related to Lee, who was confronted with 19 charges related to unfair manipulation of trade and prices of shares in accordance with the Law on Financial Investment Services and capital markets related to the controversial merger of the two branches. Prosecutors claim that the merger was intended to strengthen its control over the largest giant of electronics in South Korea. They also said that the Samsung fusion process affected Samsung C&T shareholders.
The decision comes One year after South Korean lower court justified Lee of unlawful action and nearly four years and five months After Lee was accused of September 2020.S
In September 2020, Lee, The Vice Chair of Samsung Electronics, Along With Other Former Samsung Executions, Were Indicted for Advocating The Merging of Cheil Industries Ruction Unit, To Take Over the Tech Giant’s Management Controls in 2015
All former Samsung performers were also found guilty of the Seoul Court of Appeal charges on Monday.
During the hearing in November 2023, Lee denied allegations of misconduct He said that the merger process follows the company’s standard operational procedures. In November Last year, prosecutors in South Korea requested a five -year prison and $ 500 million in KRW, approximately $ 375,000 for Samsung Electronics Jay Y. Lee in the Court of Appeal.
The solution restricts nearly a decade of legal disputes about Lee, starting with one in 2015, focusing on a merger, which emphasized the corporate government issues.
“IT IS DIFICULT TO SAY THE MERGER WAS CARRIED OUT WITHOUT THE TWO COMPANIES ‘CONSENT, AS IT WAS DECIDED Under Arrangement and Cooperation of Samsung The Proseculation’s Claim That Samsung’s Control Tower Office made the decision to merger alone.