Samsung Chief Jay Y. Lee Faces 5-Year Jail Term Over 2015 Merger

Nov 25, 2024, 09:05 AM

South Korean prosecutors have requested a five-year jail term for Samsung Electronics Chairman Jay Y. Lee in an appeals case related to a controversial 2015 merger of affiliates. The merger allegedly helped solidify Lee's control over Samsung at the expense of shareholders. Lee has previously been acquitted of stock manipulation and accounting fraud charges but now faces scrutiny over his actions in the merger.