SEOUL, Feb. 5 (Xinhua) -- A South Korean court on Monday acquitted Samsung Electronics Chairman Lee Jae-yong of charges, such as stock price rigging and accounting fraud, linked to his management succession.

Lee was indicted in September 2020 on charges of stock price manipulation, accounting fraud and other illegalities relevant to the controversial merger in 2015 between Cheil Industries and Samsung C&T.

Prosecutors suspected that Samsung C&T, the de-facto holding company of Samsung Group, was devaluated in the stock market through irregularities, while inflating the valuation of Cheil, controlled by Lee at the time.

Three Samsung C&T shares were offered for one Cheil share to help Lee smoothly inherit the management control of the country's biggest family-run conglomerate by allowing Lee to control the merged Samsung C&T, prosecutors believed. Enditem

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