Samsung’s Heir Jay Y. Lee Indicted in Succession Probe
- Heir to world’s top electronics firm faces years-long trial
- Samsung billionaire will battle charges of stock manipulation
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South Korea’s prosecutors indicted Samsung Electronics Co.’s de facto leader Jay Y. Lee on allegations including stock manipulation, potentially putting the head of the world’s largest electronics corporation on trial for years.
The Seoul Central District Prosecutors’ Office indicted 11 people including Lee and former Samsung executives, prosecutors said in a statement. Charges include the violation of capital market laws and the audit law as well as the breach of duty.