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General

Samsung vice chair wanted by prosecutors over controversial merger of units

Thursday 4 June 2020 | 08:52 CET | News
Samsung vice-chairman Lee Jae-jong is wanted to for questioning by the Seoul Central District Prosecutors Office, together with former executive Choi Gee-sung and Kim Jong-joong, Yonhap News reported. The prosecutors have filed an arrest warrant for the three executives, suspecting them of artificially inflating the value of Samsung unit Cheil Industries, an electronics materials provider, before its 2015 merger with Samsung C&T. Lee was the largest shareholder in Cheil Industries. 

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Categories: General
Companies: Samsung
Countries: Korea, Republic of
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