SEOUL (Reuters) - South Korean prosecutors indicted Samsung Group leader Jay Y. Lee on charges including manipulating stock prices and breach of trust in order to cement control of the group, a prosecution official said on Tuesday.
Prosecutors decided to indict 52-year-old Lee due to the gravity of manipulating the capital market over a controversial 2015 merger of two Samsung affiliates that helped him assume greater control of the group's crown jewel Samsung Electronics, despite an independent panel's recommendation in June not to indict him, the official said.
Charges against Lee included practice of unfair transaction and manipulation of market prices under the Capital Markets Act, breach of trust during the course of business, and false disclosure and accounting fraud under the External Audit Act, prosecutors said in a statement.
Lee's lawyers did not have an immediate comment.
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