The Seoul Appeal Court in the Court on Monday is in a case related to the merger in 2015, where two discussions, Jay Y. Lee, an executive chairman of Samsung’s electronics, are two discussions, CHEIL INDUSTRIES, SAMSUNG C & T. , Supported acquittal in accounting fraud and stock operation.
The Seoul High Court involves Lee, who faced 19 complaints related to financial investment services related to the merger of 2015 and the merger in 2015, which are controversial of the two affiliated companies, and the capital market law. In the lawsuit, he rejected the prosecutor’s appeal. Prosecutors argued that the merger intended to strengthen his rule to the Giants of the largest electronic device in Korea. They also stated that Samsung’s merger process had hit Samsung C & T shareholders.
The ruling will be made one year after the Korean lower court won the misconduct of Lee, and about four years and five months after Lee was charged in September 2020.
In September 2020, Lee, the vice -chairman of Samsung Electronics, was charged with other Samsung executives to propose the merger of Samsung’s textile affiliate, Cheil Industries. 2015 control.
Former Samsung executives were found on Monday that the charges of the Soul Appeal Court were not guilty.
In a hearing in November 2023, Lee denied the claim for misconduct, and stated that the merger process had followed the company’s standard operation procedure. In November last year, a Korean prosecutor demanded Jay Y. Lee, the leader of Samsung’s electronics, for a five -year sentence and a fine of about $ 375,000.
This decision has been established for nearly 10 years, focusing on merger that emphasizes corporate governance issues from one of 2015.
“It is difficult to say that the merger was implemented without the consent of the two companies because it was determined and cooperated in the future strategic office of Samsung C & T, Samsung,” the court was founded by Samsung, which is dominated by Samsung. In refuting the claim, Tower Office only made a merger decision.
According to Yong Hap’s media outlet, prosecutors said they would consider the decision of the high court before deciding whether to appeal to the Supreme Court.
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