This is not the first time Samsung VC will be arrested, as he was in prison three years back as well due to bribery allegations. After one year of spending time in prison, he filed an appeal against his prison sentence, Samsung VC penalty was reduced in half and later suspended.
Samsung VC Lee could end up being arrested once again
These new troubles of Lee Jee are linked to the 2015 merger between Samsung C&T and Cheil Industries. This merger was aimed at making Lee the largest shareholder of Samsung C&T, holding company for Samsung Group. After some time, other stakeholders filed a case against Lee while calling this merger unfair. This time Lee is charged along with two other executives for illegal transactions and market manipulation wrt to the merger mentioned above. The time is near when Lee will be arrester. Previously Lee was also found guilty of concealing criminal profits and hiding assets overseas. Though he has always rejected all these claims; however, there is definitely something to the story which will be revealed in the coming days. Also Read: Samsung VC Lee Jae-yong Facing 5-year Jail Sentence for Corruption
