Samsung’s Jay Y Lee indicted in S Korea on allegations over 2015 merger

South Korean prosecutors indicted Samsung Group’s Jay Y. Lee on Tuesday on allegations of accounting fraud and stock price manipulation pertaining to a 2015 merger, dealing a fresh blow to the head of one of Asia’s most valuable companies.

Lee, who has already served jail time on a separate case, and 10 other current and former Samsung executives were indicted over the controversial merger of two Samsung affiliates that helped Lee assume greater control of the group’s crown jewel, Samsung Electronics .

The indictment paves the way for Lee, 52, to undergo trial on the allegations. He will not be detained as a Seoul court denied a request from prosecutors in June for an arrest warrant. But the court had said prosecutors seemed to have secured considerable amount of evidence and it was appropriate to send the case to trial.