South Korea: South Korea panel says Samsung heir should not be indicted

An independent review panel in South Korea said Friday the heir to the country’s Samsung empire should not be indicted over a controversial merger of two business units seen as a key step to his succession.

Lee Jae-yong, vice chairman of Samsung Electronics, is already being re-tried on charges of bribery, embezzlement and other offences in connection with a corruption scandal that brought down former South Korean president Park Geun-hye.

The merger case is separate from his ongoing retrial.

The review panel — comprised of 15 experts from legal circles, academia, media and civic groups — said it was “hard to substantiate” prosecutors’ claims that Lee had broken the law and he should not be indicted, Yonhap news agency reported.

The full original article can be found at macaubusiness.com

(Photo: Bloomberg)

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