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Samsung Chairman Lee Jae-yong acquitted of stock manipulation and fraud

Samsung Electronics Chairman Lee Jae-yong, center, arrives at the Seoul Central District Court in Seoul, South Korea, Monday, Feb. 5, 2024. A Seoul court acquitted Lee of financial crimes. (AP Photo/A

In a recent ruling, the Seoul Central District Court of South Korea acquitted Samsung Electronics Chairman Lee Jae-yong of stock price manipulation and accounting fraud charges. The accusations were related to a controversial merger between two Samsung affiliates in 2015, which further consolidated Lee's control over the country's largest company.

The court's decision provides a potential respite for Lee, relieving him of legal troubles just two years after receiving a pardon for a separate bribery conviction that was part of a corruption scandal leading to the downfall of a previous South Korean government.

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