Jay Y Lee accused of being involved in illegal transactions and stock manipulation that furthered merger
Samsung Group heir Jay Y Lee arrives for a court hearing to review a detention warrant request against him at the Seoul Central District Court in Seoul, South Korea, on June 8 2020. Picture: REUTERS/KIM HONG-JIThe de facto leader of Samsung Group, Jay Y Lee, appeared before a South Korean court on Monday, awaiting a ruling on whether new allegations including accounting fraud and stock manipulation will send him back to jail after more than two years of freedom.
Lee, 51, wearing a face mask and a dark suit, appeared at the Seoul court for a hearing. He did not answer questions from reporters before entering the court. The merger of the two affiliates was seen as key to Lee increasing control of the sprawling group but came under fire by critics who said it rode roughshod over the interests of minority investors.
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