Samsung Electronics Chief Jay Y. Lee Faces Prosecution Over Alleged Fraud and Stock Manipulation

Prosecutors seek a five-year prison term in a case tied to a $8 billion merger in 2015, with a verdict expected in the coming months.

Jay Y. Lee, the chief of Samsung Electronics, faces allegations of fraud and stock manipulation connected to an $8 billion merger in 2015.
Prosecutors have asked for a five-year prison sentence for Lee, with the trial's conclusion expected within the next few months.
The allegations involve a merger of Samsung affiliates, Samsung C&T and Cheil Industries, with claims of stock manipulation and other illegalities at the expense of minority shareholders.
Lee and other involved executives have refuted these accusations, claiming their actions were part of normal management procedures.
Lee was previously convicted of bribing former South Korean President Park Geun-hye and served 18 months in prison from 2017 to 2021.