Another legal battle set to haunt Samsung heir
Lee Jae-yongLee Jae-yong charged with fraud in mergerBy Kim Se-jeong Prosecutors indicted Samsung Group Vice Chairman Lee Jae-yong without physical detention, Tuesday, on multiple charges related to a controversial merger of the group's units and alleged accounting fraud. Lee was indicted on counts of stock manipulation, violation of laws governing the capital market and external audits, and breach of trust during the merger between Cheil Industries and Samsung C&T, as well as accounting fraud at another group affiliate, Samsung Biologics. The prosecution also indicted 10 former senior executives of Samsung on similar charges for allegedly assisting Lee in the fraudulent activities surrounding the merger. “It is a case that can have grave consequences. Also, we have clear-cut evidence against them and the case is of interest to the public. With this backdrop, we conclude the case needs a judicial review,” said prosecutor Lee Bok-hyun, head of the investigation team, Tuesday. In response, Samsung criticized the prosecution, saying it was politically charged and had th
