Sept. 2 (Xinhua) — South Korean prosecutors on Tuesday accused Samsung Electronics Boss Lee Of illegally trading and manipulating share prices in violation of the country’s laws,media reported. South Korean prosecutors believe the 2015 merger between Samsung Andy is intended to pave the way for Lee to take over Samsung from Lee, who is suspected of coaxing First Wool’s share price, pushing down Samsung’s share price, spreading false information, and concentrating on buying company shares to manipulate the market.
Lee will not be arrested on the charges, but he must stand trial in a seoul district court. A trial date has not yet been set.
In a statement, Samsung’s legal team said South Korean prosecutors’ allegations that Lee was trading illegally and manipulating stock prices were unfounded and untrue.
Media said the charges filed by South Korean prosecutors on Tuesday could take years to discuss in court.
In May this year, Li issued a statement on the transfer, trade unions and other issues, saying that the company in the development process failed to strictly adhere to the law and ethics and failed to live up to the expectations of the people, to apologize to all the people. Li also announced that he would not pass on the company’s management rights to his children.