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Prosecutors to appeal after Samsung chief Lee cleared over 2015 merger case

Published 02/08/2024, 02:49 AM
Updated 02/08/2024, 12:22 PM
© Reuters. Samsung Electronics Chairman Jay Y. Lee leaves a court in Seoul, South Korea, February 5, 2024. REUTERS/Kim Soo-hyeon

SEOUL (Reuters) - South Korean prosecutors will appeal a court decision to clear Samsung Electronics (KS:005930) Chairman Jay Y. Lee of charges including accounting fraud and stock manipulation in a case related to a 2015 merger of affiliates, court records showed on Thursday.

The Seoul Central District Court cleared Lee, 55, and other former executives of all prosecutors' charges alleging they had engineered a merger between two Samsung affiliates - Samsung C&T 028260.KS and Cheil Industries - in a way that rode roughshod over the interests of minority shareholders.

Samsung did not have an immediate comment.

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