SEOUL, South Korea– A South Oriental allures court on Monday maintained a lower court’s ruling that acquitted Samsung Electronic devices Chairman Lee Jae-yong of economic criminal charges over a controversial merging in between Samsung associates that sealed his hold over the greatest South Oriental business.
The Seoul High Court declined an allure by district attorneys.
You Jin Kim, Lee’s attorney, invited the judgment, stating he wishes that Lee would certainly currently concentrate on his business adhering to Monday’s decision. District attorneys can once again attract the High court, whose judgments are last.
In February 2024, the Seoul Central Area Court claimed the prosecution stopped working to completely verify the merging in between Samsung C&& T and Cheil Industries was illegally performed with a purpose to reinforce Lee’s control over Samsung Electronic devices.
Lee, a third-generation business successor that was formally appointed chairman of Samsung Electronics in October 2022, has actually led the Samsung team of firms considering that 2014, when his late papa, previous chairman Lee Kun-hee, endured a cardiac arrest.
Lee Jae-yong offered 18 months behind bars after being founded guilty in 2017 over different bribery fees connected to the 2015 offer.
He was initially punished to 5 years behind bars for supplying kickbacks to then-President Park Geun-hye and her close adviser to win federal government assistance for the 2015 merging, which was crucial to reinforcing his control over the Samsung company realm and strengthening the father-to-son management sequence.
Lee was released on parole in 2021, and absolved by South Oriental Head Of State Yoon Suk Yeol in August 2022.
Some investors had actually opposed the 2015 merging, stating it unjustly profited the Lee household while harming minority investors.
