Samsung heir charged with fraud over succession-linked deal


File photo of Samsung Electronics vice-chairman Lee Jae-yong speaks during a news conference at a company's office building in Seoul, South Korea on May 6, 2020. - Reuters

SEOUL (AFP): South Korean prosecutors indicted the heir to the Samsung empire Tuesday (Sept 1) over a controversial merger of two business units seen as a key step towards his succession, in the latest legal blow to the sprawling conglomerate.

Lee Jae-yong, vice chairman of Samsung Electronics, committed stock manipulation, breach of trust and other offences when two other subsidiaries, Samsung C&T and Cheil Industries, merged in 2015, the prosecutors said.

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Samsung , heir , charged , Lee Jae-yong , CBT

   

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