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On Monday, the Seoul Court of Appeal supported the CEO of Samsung Electronics Jay Y. Lee in accounting and shares of shares in a case related to the 2015 controversial integration of SAMSUNG, Caphung and Samsung C & T.
The Supreme Court of Seoul refused to appeal the prosecution in the case that included me, which faced 19 charges related to unfair trade and manipulation of stock prices under the Financial Investment Services Law and capital markets associated with the controversial 2015 integration. Prosecutors claimed that the merger was aimed at enhancing its control over the largest electronics giant in South Korea. They also said that Samsung C & T’s shareholders negatively affected the shareholders of Samsung C & T.
The ruling comes One year after the lower court acquitted South Korea Lee Lee From violations and nearly four years and five months After accusing me in September 2020.
In September 2020, Lee was accused, then the Vice President of Samsung Electronics, along with other former executives, was accused to defend the Cheil Industries, affiliated with Samsung, with Samsung C & T, its construction unit, to take over the giant technology giant management controls in 2015.
Also, all ex -executives in Samsung are not guilty of accusations by the Court of Appeal in Seoul on Monday.
During the November 2023 session, He denied the allegations of misconduct He stated that the integration process followed the company’s standard operational procedures. In November Last year, South Korea’s general prosecutors requested a five -year prison sentence and a fine of 500 million KRW, about 375,000 dollars, for the leader of Samsung Jay Y. Lee at the Court of Appeal.
The decision is almost separated from a contract of Lee’s legal disputes, starting from one in 2015 with a focus on the process of integrating the most prominent issues with corporate governance.
The court said: “It is difficult to say that the merger was implemented without the approval of the two companies, as it was decided according to the arrangement and cooperation with the Samsung C & T office, Cheil Industries and Samsung in the future.” The Tower Office made the decision to integrate only.
The prosecutors said that they will review the Supreme Court’s decision before they decide whether the ruling will be appealed to the Supreme Court, according to what he said. Media outlet from Yonhap.