Samsung heir avoids arrest over merger | The Malaysian Insight

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Samsung heir avoids arrest over merger | The Malaysian Insight
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Samsung heir avoids arrest over merger

Lee Jae-yong, vice-chairman of Samsung Electronics, arriving at court for a hearing to review the issuing of his arrest warrant over a controversial merger of two Samsung units yesterday. Lee was jailed for five years in 2017 for bribery, embezzlement and other offences in connection with a scandal that brought down president Park Geun-hye. – AFP pic, June 9, 2020.

A SOUTH Korean court today declined to issue an arrest warrant for the heir to theSamsung empire over a controversial merger of two business units seen as a key step to his succession, Yonhap news agency reported. Lee Jae-yong, vice-chairman of Samsung Electronics, is already being retried on charges of bribery, embezzlement and other offences in connection with a corruption scandal that brought down former South Korean president Park Geun-hye.

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Samsung heir dodges jail over controversial mergerSamsung heir dodges jail over controversial mergerLee Jae-yong has effectively been at the helm since his father suffered a heart attack in 2014. FMTNews
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