Samsung chief Jay Y. Lee cleared of charges in 2015 merger case


Samsung Electronics Chairman Jay Y. Lee arrives at a court in Seoul, South Korea, February 5, 2024. REUTERS/Kim Soo-hyeon

SEOUL (Reuters) - Samsung Electronics Chairman Jay Y. Lee was found not guilty of accounting fraud and stock manipulation by a Seoul court on Monday in a case about a 2015 merger that prosecutors said was designed to cement his control of the tech giant.

The ruling, which was a surprise to at least some analysts who had expected a suspended sentence, could help give Lee a freer rein in steering the country's biggest conglomerate.

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