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SAMSUNG HEIR FACES FRESH CHARGES OVER 2015 MERGER

6 months ago | World Business News | 0 comments

By Xai Reyes

Samsung heir Lee Jae-Yong faces fresh charges of stock and accounting fraud over his role in a merger deal.

On Tuesday, South Korean prosecutors indicted Lee, accusing him of having tried criminally to gain control of the Samsung Group back in 2015.

In 2017, Lee, 52, was found guilty of charges, including bribery related to the deal, but his five-year prison sentence was suspended.

He is not likely to be held in custody as he awaits trial on the new charges.

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