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The Wall Street Journal: Samsung’s de-facto leader Lee Jae-Yong charged with bribery

SEOUL — South Korean prosecutors indicted Samsung’s de facto leader Lee Jae-yong on charges of bribery and four other offenses, setting in motion legal proceedings that could put the tycoon behind bars for years.

The 48-year-old vice chairman of Samsung Electronics Co. 005930, +1.00% was arrested Feb. 17 but prosecutors didn’t press formal charges until their Tuesday deadline. In addition to bribery, prosecutors accuse Lee of embezzlement, perjury, hiding assets abroad and concealing profit gained from criminal acts. Four other Samsung executives were indicted on the same charges except for perjury.

Lee is at the center of the investigation into a scandal that has rocked South Korea’s political and corporate establishments and led to the impeachment of President Park Geun-hye.

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