Prosecutor of South Korea prosecuted Samsung Electronics Vice Chairman at home or manipulated stock price 18:22 on September 1

South Korea's prosecution said the de facto leader of the Samsung Group, Samsung Electronics vice chairman Lee Jae-young (Ri Jae-ho), smashed the stock price when the group companies merged in order to take advantage of the succession of management rights from his father He was accused of being at home for violating the capital market law, etc.

This was revealed by the Korean prosecutor at a press conference on the afternoon of the 1st.



As a result, Lee Jae-young, the de facto leader of Samsung Group and vice chairman of Samsung Electronics, said that in 2015, when he merged a group company, he wanted to take advantage of the succession of management rights from his father. It is said that the prosecution prosecuted him at home for violating the capital market law and committing back office on the 1st, for illegally manipulating the stock price of the company with the largest shareholder.



Regarding the suspicion of this time, the prosecution demanded an arrest warrant for Vice President Lee in June this year, but the court dismissed it as "insufficient explanation of the need to be detained", followed by an investigation by an expert The deliberative committee recommended that the case be indicted.



Under such circumstances, the prosecution explained that the reason for the prosecution at home was "the case is serious and it is necessary to open up the judicial decision."



Vice-chairman Lee was arrested and prosecuted in 2017 under the former administration of Park Kun-hee (Park Kun-Mae) for bribing the president and his acquaintances in exchange for support for succession of management rights. ) Has been sentenced to a conviction with suspended sentence.



This time, Vice Chairman Lee was also charged with another suspicion, which could affect the management of the Samsung Group.

Attorney "We will clarify the impropriety of prosecution"

The lawyer responded that Samsung Electronics vice president Lee Jae-young was prosecuted at home, saying, "It is a unilateral prosecution's non-evidence-based and unlawful assertion, not a fact at all."



He also criticized, "It's more likely that the investigation was pursued with the aim of prosecuting Samsung Group and Vice Chairman Lee from the beginning, rather than pressing the truth with evidence."



In addition, he said, "Not only I'm not satisfied, but it's a shame. The defendant will come to the court in good faith and will reveal the injustices of the prosecution's prosecution in court one by one."