Executive Chairman of Samsung Jay Yu. Bloomberg Earlier on Monday, the high court of Seoul left an earlier decision justifying the manipulation line with shares and fraud, taking into account accounting in connection with the merger of 2015. The resolution will allow you to focus on mobile and chip businesses Samsung, who saw Decrease in profit In the past A couple of yearsThe YEE field constantly denies the commission of any crimes.
According to experts, the prosecution can still appeal to the Supreme Court of Korea, but this will hardly be pleased, since no new arguments can be represented. “It was a lot of time in the investigation and trial in this case,” said Samsung Kim Jin lawyer. “We hope that with this verdict, the accused can now concentrate on their work.”
Back in 2017, the prosecutors accused of manipulating the shares of two subsidiaries of Samsung to smooth out the path to merger, which allowed him to console his power. However, at the beginning of 2024, the court ruled that prosecutors could not prove this. “It is difficult to say that Lee Je Jaong (aka J. Lee) … led a fusion, and that the merger was done only for the continuity of Lee,” the judge said in the decision.
At that time, the decision was welcomed by business groups, but not everyone in the country agreed. “The resolution will release legal risks, but I can’t get words from the point of view of the country's economic justice,” said Ju-Gun Park, head of the leaders in corporate Thinktank, leaders. Financial times in February 2024Field “This completely contradicts all previous judicial decisions on merging.”
Lee was originally sentenced to five years in prison in 2017 after found guilty A bribe, government officials in the same merger, but the Supreme Court abolished this decision and ordered to re -take care of the case. In this repeated trial, whether he was sentenced to two and a half years in prison at the beginning of 2021, and then conditionally released six months later (the former president of Korea, Gene-Ha Park, also went to prison for his role in the same case.) In 2022 Lee was pardoned by the President of South Korea Yun Suk Yol, who himself was recently impeamed and accused of uprising Above the combat position.