Samsung Heir Jay Y. Lee In Fresh Trouble Over Alleged Stock Manipulation

This article was published on: 06/5/20 10:19 AM

Jay Y. Lee

South Korean billionaire Jay Y. Lee is in fresh trouble.

According to news reports, South Korean prosecutors have requested an arrest warrant for the Samsung Group heir Jay Y. Lee on suspicions that he manipulated his company’s stock price and violated audit rules, among other offenses.

The news came amid an investigation into a controversial merger of two Samsung affiliates, which may have helped advance succession plans.

Lee now faces a return to jail just a little over two years after being released from detention in February 2018 (following a separate succession related charge of bribery).

Read the full story on Reuters

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