According to Yonhap News, Samsung Group's recent statement claims Lee Jae-yong had no role in the merger of the two subsidiaries back in 2015.
‘Allegations that Lee took part in a stock price manipulation scheme are groundless'
Samsung Group states that the allegations regarding Lee Jae-yong's involvement in stock manipulation are groundless. Samsung executives have been investigated on allegations of a deliberately-late announcement of an overseas Samsung C&T deal to manipulate stock values. However, Samsung Group now claims this to be untrue. Likewise, the company said the Samsung C&T and Cheil Industries valuations comply with regulations.
It remains to be seen where all of this will lead. Whether or not an arrest warrant will be issued for Lee Jae-yong will be decided on Tuesday at the latest, after a hearing will take place at a Seoul court on Monday. Should the worse for Lee Jae-yong come to pass, the de facto leader could end up being arrested on criminal charges once again.
