South Korean prosecutors indicted the heir to the Samsung empire Tuesday over a controversial merger of two business units seen as a key step towards his succession, in the latest legal blow to the sprawling conglomerate.
Lee Jae-yong, the vice-chairman of Samsung Electronics, committed stock manipulation, breach of trust, and other offences when two other subsidiaries, Samsung C&T and Cheil Industries, merged in 2015, the prosecutors said.
Ten other current and former top Samsung executives were also charged.
Lee is already separately being re-tried on charges of bribery, embezzlement, and other offences in connection with the corruption scandal that brought down former South Korean President Park Geun-Hye.
This article has been summarised, the original full article can be found at freemalaysiatoday.com