Samsung Chairman Lee acquitted in controversial 2015 merger case

Seoul [South Korea], February 5

Samsung Electronics Co. Chairman Lee Jae-yong was on Monday acquitted by a Seoul court, in connection with a case involving the controversial 2015 merger of two Samsung affiliates, allegedly conducted to help him take over control of South Korea’s biggest conglomerate, reported Yonhap News Agency.

According to the news report, the Seoul Central District Court delivered the not-guilty sentence for Lee, three years and five months after he was indicted on charges of involvement in market irregularities in the merger of Cheil Industries Inc. and Samsung C&T Corp. to solidify his managerial control of the group at a lower cost.

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