Samsung leader cleared of fraud charges after winning appeal
Samsung's executive chairman Jay Y. Lee has been cleared of criminal charges by South Korea's second-highest court, Bloomberg reported. Earlier on Monday, the Seoul High Court upheld an earlier decision acquitting Lee of stock manipulation and accounting fraud charges over a 2015 merger. The ruling will allow Lee to focus on Samsung's mobile and chip businesses, which have seen declining profits over the past couple of years. Yee has consistently denied committing any crimes. <br /> The prosecution can still appeal to the Korea's Supreme Court, but that would be unlikely to succeed since no new arguments could be presented, experts say. "It has been a very long time in the investigation and trial of this case," said Samsung lawyer Kim You Jin in a state [...]
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