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Samsung leader cleared of fraud charges after winning appeal
Samsung's executive chairman Jay Y. Lee is finally clear of all criminal charges.
"The ruling will free Lee of legal risks, but I am at a loss for words in terms of the country’s economic justice," Park Ju-geun, head of corporate thinktank Leaders Index, told The Financial Times in February 2024. Lee was originally sentenced to five years in prison in 2017 after being found guilty of bribing public officials over the same merger, but the Supreme Court overturned that decision and ordered the case to be retried. In 2022, Lee was pardoned by South Korean President Yoon Suk Yeol, who was himself recently impeached and charged with insurrection over a martial law attempt.
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