02 Sep 2020
Samsung heir Lee Jae-yong is facing fresh charges of over his role in a 2015 merger deal at the tech giant.
South Korean prosecutors accused Lee, 52, of using stock and accounting fraud to try to gain control of the Samsung Group – claims Mr Lee denies.
In 2017, Lee was found guilty of separate charges over the deal including bribery, but his five-year prison sentence was later suspended.
He is unlikely to be held in custody as he awaits trial on the new charges.
The prosecution, however, disregarded a recommendation from a citizen’s panel that Lee should not be charged.
In June, state prosecutors sought to arrest Lee for the second time over the controversial merger in 2015 of two Samsung businesses, Samsung C&T and Cheil Industries.
It follows his 2017 conviction over the merger, which sparked a political and business scandal in South Korea – including the resignation and conviction of former President Park Geun-hye.
Back then, Lee was found guilty of using Samsung to pay 43bn won ($35.7m; £28.1m) to two non-profit foundations operated by Choi Soon-sil, a friend of Ms Park, in exchange for political support.
Read more at BBC News
RiskScreen: Eliminating Financial Crime with Smart Technology
Count this content towards your CPD minutes, by signing up to our CPD Wallet
