South Korean prosecutors indict Samsung leader Jay Y. Lee on stock manipulation charge: official

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SEOUL (Reuters) – South Korean prosecutors indicted Samsung Group leader Jay Y. Lee on charges of manipulating stock prices and breach of trust in order to cement control of the group, a prosecution official said on Tuesday.

Considering the gravity of manipulating the capital market, prosecutors decided to indict despite an independent panel’s previous recommendation not to indict, the official said.

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