Recently granted amnesty not long, Samsung “Crown Prince” was arrested for the second time for fraud and market manipulation

The South Korean government has issued an arrest warrant against Samsung “Crown Prince”, Lee Jae-yong. Two years earlier, Crown Prince Lee was arrested on charges of bribery and was pardoned from prison.

According to a report by Business Korea, prosecutors have been investigating the offenses surrounding the merger of Samsung C&T and Cheil Industries. Lee accuses Mr. of fraud and market manipulation.

The arrest was issued on June 4, for Mr. Lee Jae-yong and two former Samsung directors, Mr. Choi Ji-sung (former strategic director) and Mr. Kim Jong-joong (former office director). US strategy).

All 3 were charged with conducting illegal trading and market manipulation in violation of the Capital Market Act, accounting frauds in violation of the Auditing Company securities law.

In 2017, Crown Prince Lee was sentenced to 5 years in prison for bribery and was involved in the scandal of former South Korean President Park Geun-hye. In 2018, he was pardoned and released from prison.

Also in 2018, his father, Chairman Lee Kun-hee, was considered by police to be a suspect for a tax evasion. Authorities uncovered evidence of a tax evasion of more than 8.2 billion won ($ 7.5 million) through ghost accounts. However, Samsung’s Chairman Lee Kun-hee has not yet been charged.

Reference: Apple Insider