Samsung Chief Jay Y. Lee Acquitted of Financial Crimes in 2015 Merger Case
Samsung Electronics Chairman Jay Y. Lee was found not guilty of accounting fraud and stock manipulation in a 2015 merger case by a court in Seoul, South Korea. The case involved a merger between Samsung affiliates Samsung C&T and Cheil Industries, with Lee and other former executives accused of engineering the merger to establish his control of the tech giant. The court ruled that the merger decision was made by the boards of the two companies and acquitted all 14 defendants, keeping Lee from returning to jail.
