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Samsung's Jay Y. Lee during a press conference at the company's headquarters in Seoul, South Korea, in May. Photo: Bloomberg/SeongJoon Cho/Pool/Anadolu Agency via Getty Images

Samsung Group leader Jay Y. Lee was indicted by South Korean prosecutors Tuesday on charges including stock manipulation and breach of trust, per Reuters.

Details: The 52-year-old's indictment is connected to a 2015 merger of two Samsung affiliates. An independent panel had earlier recommended against indicting him.

  • "The new indictment is related and centers on whether Lee and Samsung used illegal means to help him take control of the group founded by his grandfather," Bloomberg notes.

Of note: The Samsung heir is "separately accused of giving horses" to former president Park Geun-hye over the action, Reuters reports. Park was impeached and removed from office in 2017 after being arrested on corruption charges.

The big picture: Lee was sentenced to five years in prison in South Korea in 2017 after being found guilty of bribery, embezzlement and perjury. However, he was freed after serving one year when a court suspended his sentence. The country's Supreme Court last year overturned that ruling and ordered a retrial.

Editor's note: This article has been updated with new details throughout.

Go deeper

Ina Fried, author of Login
Sep 2, 2020 - Technology

Foldable phones are getting their moment

Samsung's Galaxy Z Fold 2 (left) and Microsoft's Surface Duo. Photos: Samsung and Microsoft

Folding-smartphone releases from Samsung and Microsoft show the devices starting to carve out a niche as the equivalent of luxury cars. Still up in the air is whether these phones and their successors can propel the category from novel curiosity into the mainstream.

Why it matters: With the smartphone market slowing, manufacturers have an incentive to bet on new concepts. For now, though, foldable technology comes at a high cost with some key drawbacks cutting into the benefits of packing more screen into a smaller phone.

Updated 33 mins ago - World

Mexican President López Obrador tests positive for coronavirus

Mexico's President Andrés Manuel López Obrador during a press conference at National Palace in Mexico City, Mexico, on Wednesday. Photo: Ismael Rosas/Eyepix Group/Barcroft Media via Getty Images

Mexican President Andrés Manuel López Obrador announced Sunday evening that he's tested positive for COVID-19.

Driving the news: López Obrador tweeted that he has mild symptoms and is receiving medical treatment. "As always, I am optimistic," he added. "We will all move forward."

49 mins ago - Politics & Policy

Sarah Huckabee Sanders to run for governor of Arkansas

Sarah Huckabee Sanders at FOX News' studios in New York City in 2019. Photo: Steven Ferdman/Getty Images

Former White House press secretary Sarah Huckabee Sanders will announce Monday that she's running for governor of Arkansas.

The big picture: Sanders was touted as a contender after it was announced she was leaving the Trump administration in June 2019. Then-President Trump tweeted he hoped she would run for governor, adding "she would be fantastic." Sanders is "seen as leader in the polls" in the Republican state, notes the Washington Post's Josh Dawsey, who first reported the news.