Easy breath of Koreans; The CEO of Samsung was acquitted

According to the court, the CEO of Samsung did not commit fraud during the merger of this company and Chill Industries. In 2015, two companies, Samsung C&T (a subsidiary of Samsung Electronics) and Chill Industries (a Korean chemical industry company) merged. The merger of the two companies ultimately led to the conviction of Samsung CEO Lee Jae-Yong on charges of financial fraud, breach of trust, and fraud in setting the price of Samsung shares and serving 18 months in prison in 2021. According to the Korean prosecutors, at that time, the Samsung phone manufacturer had declared the value of the shares of C&D business lower than the actual amount and the value of the shares of Chill Industries more than the actual amount, and this issue caused damage to the shareholders. P... ..................................... Read more on our website: Easy breath of Koreans; The CEO of Samsung was acquitted

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