Samsung Chief Cleared in Fraud Case

[umair]

South Korea’s Supreme Court has cleared Samsung leader Lee Jae-yong of all fraud charges, ending a lengthy legal saga tied to a controversial 2015 merger. The court upheld earlier verdicts that found Lee not guilty of manipulating stock and accounting records to secure control of the tech giant. Prosecutors had argued that he inflated the value of Samsung Biologics to influence a key merger and ease his succession after his father fell ill. This verdict brings relief to Samsung, which has faced growing global competition and leadership uncertainty. Business groups welcomed the decision, calling it a positive step for stability in the country’s largest conglomerate.