Samsung boss on trial over ‘manipulated’ takeover deal

Seoul: The jailed de facto leader of the giant Samsung group went on trial Thursday over an allegedly manipulated takeover in proceedings that effectively put South Korea’s system of conglomerate control in the dock.

Samsung — whose flagship subsidiary is among the world’s biggest smartphone and computer chip makers — is by far the largest of the family-controlled empires known as chaebols that dominate business in South Korea, the world’s 12th-largest economy.