The heir and de facto leader of family-owned conglomerate Samsung Electronics was indicted by South Korean prosecutors Tuesday on charges related to a 2015 merger of two subsidiaries and alleged irregularities in accounting practices at another subsidiary.
Lee Jae-yong, also known as Jay Lee, is accused of unfair transaction and manipulation of market prices under South Korean’s Capital Markets Act; breach of trust during the course of business; and false disclosure and accounting fraud under the External Audit Act, prosecutors from the Seoul Central District Prosecutors’ Office said in a Reuters story.
