EconomyLens.com
No Result
View All Result
Thursday, June 5, 2025
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Business

South Korea appeals court upholds Samsung chief’s fraud acquittal

Thomas Barnes by Thomas Barnes
February 3, 2025
in Business
Reading Time: 3 mins read
A A
2
30
SHARES
371
VIEWS
Share on FacebookShare on Twitter

Samsung Electronics chairman Lee Jae-yong arriving at a Seoul court to hear his appeal verdict. ©AFP

Seoul (AFP) – Samsung Electronics chief Lee Jae-yong was cleared again Monday of a raft of charges linked to a controversial 2015 merger which prosecutors claimed was designed to seal his control of the South Korean tech giant. Lee was originally cleared of the charges in a trial last year, but prosecutors appealed against the verdict.

Related

Executive bonuses banned at six UK water companies over pollution

Restaurants strike on popular Greek tourist island over beach clampdown

Dr Martens seeks more stability after new profit slide

TotalEnergies on trial in landmark greenwashing case in France

Czechs sign nuclear deal with S.Korea firm KHNP: PM

“The evidence presented was not sufficient to prove the charges beyond a reasonable doubt,” court documents seen by AFP said. Lee was cleared of charges including stock price rigging, breach of trust, and accounting fraud. They relate to the 2015 merger between Samsung C&T — a construction and engineering firm — and Cheil Industries.

Lee did not answer any questions as he left the Seoul court, but his lawyers told reporters they “sincerely thank the court for its wise judgement.” “It has been a very long time since the investigation and trial process of this case began,” his legal team said. “We hope that with this ruling, the defendants can now return to their rightful duties and responsibilities.”

Lee was jailed for 18 months in a separate fraud and embezzlement case following a sweeping investigation that also brought down former president Park Geun-hye in 2017. The current executive chairman of Samsung Electronics — the crown jewel of South Korea’s sprawling Samsung group — was released on parole in August 2021 having served half his sentence. He returned to management shortly afterwards and was officially named executive chairman in October 2022 — two months after South Korea’s then president pardoned him for the convictions.

© 2024 AFP

Tags: corruptionmergerSouth Korea
Share12Tweet8Share2Pin3Send
Previous Post

Two years on, construction jungle emerges from Antioch’s quake-hit ruins

Next Post

Stock markets sink, dollar rallies as Trump imposes tariffs

Thomas Barnes

Thomas Barnes

Related Posts

Business

As Tesla stalls across Europe, sales rise in Norway

June 2, 2025
Business

Amazon price rules anti-competitive: German regulator

June 2, 2025
Business

Jonathan Anderson named Dior’s first men’s and women’s designer

June 2, 2025
Business

Indian airline IndiGo orders 30 Airbus A350 widebody planes

June 1, 2025
Business

Ecuador apologizes to farm workers deemed to live like slaves

June 1, 2025
Business

‘The Matrix is everywhere’: cinema bets on immersion

May 31, 2025
Next Post

Stock markets sink, dollar rallies as Trump imposes tariffs

Trump announces tariff talks with Canada, Mexico as global stocks slump

Eurozone inflation edges up in January to 2.5%

CK Hutchison: the Hong Kong firm behind Panama port operators

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
2 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

New York ruling deals Trump business a major blow

71

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

Trump and Musk in stunning public divorce

June 5, 2025

Trump, Xi hold long-awaited phone call on trade war

June 5, 2025

Stocks rise as Trump, Xi speak amid trade tensions

June 5, 2025

ECB cuts rates again but pause seen ahead

June 5, 2025
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.