Samsung leader Jay Lee's suspected fraud, stock manipulation trial begins


File photo of Jay Y. Lee being escorted by prison officers as he arrives at the Seoul Central District Court in Seoul, South Korea, on on Aug. 25, 2017. - Bloomberg

SEOUL (Reuters): Samsung leader Jay Y. Lee's trial, in a case of suspected accounting fraud and stock price manipulation connected to a 2015 merger, began on Thursday as a Seoul court held its first hearing.

Lee and 10 other current and former Samsung executives were indicted by South Korean prosecutors last month over the merger of two Samsung affiliates that helped Lee assume greater control of the group's flagship Samsung Electronics.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Samsung , Jay Lee , fraud , trial , South Korea

   

Next In Aseanplus News

Vietnam's economic growth forecast to rach 5.5 per cent in 2024, reports World Bank
Style Watch: Malaysian Evonne Saw loves playing the fashionable anti-hero
Asia stocks rise, yen plumbs 34-year low as BOJ stands pat on rates
Myanmar warlord at centre of battle for key border town
Rescue pup to meme star: The real-life ‘Dogecoin’ dog
Indonesia's Prabowo closes in on parliamentary majority after rival party pledges support
India votes in second election phase as Modi vs Gandhi contest heats up
Malaysia's PPI higher by 1.6% in March 2024
Elon Musk is once again richer than Mark Zuckerberg as fortunes reverse
Microlink wins RM56.45mil contract from Bank Islam Brunei

Others Also Read