Samsung heir Lee Jae-yong sentenced to 2.5 years in prison on bribery charges
18 Jan, 2021
Samsung heir Lee Jae-yong has been sentenced to two and a half years’ prison term over his involvement in a bribery scandal in 2015. The corruption scandal led to the ouster of the then South Korea President Park Geun-hye, who herself is facing a long prison term.
In a retrial on Monday, the Seoul High Court found Lee guilty of bribing President Park Geun-hye and her close confidante to approve a merger of two Samsung affiliates in a bid to increase the size of the conglomerate.
People at Gwanghwamun Square calling for punishment of president Park Geun-hye and Samsung chief Lee Jae-yong who has been questioned in corruption probe. (Image Credit: Shutterstock)
Samsung Heir Lee Jae Yong faces prison over bribery case gizmochina.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gizmochina.com Daily Mail and Mail on Sunday newspapers.
Days after Launching new Galaxy Smartphones, Samsung s Leader is Sentenced to 2.5 Years in Prison for Bribery
Last week Samsung was flying high with the introduction of new Galaxy smartphones and today, Samsung has been struck by the news that their leader, Lee Jae-yong, has been handed another 2.5 year jail sentence for Bribery.
The country s largest conglomerate has hit a major setback after an appellate court handed a prison sentence of two-and-a-half years to Samsung Electronics Vice Chairman Lee Jae-yong in a re-hearing of a major bribery case, Monday.
The court ruling puts the tech giant back into a leadership vacuum hampering major investment decisions in new businesses, which many expect will hurt the company s global competitive edge.
Samsung head gets 2.5 years for corruption scandal
AFP, SEOUL
The
de facto chief of South Korea’s Samsung business empire was yesterday convicted over a huge corruption scandal and jailed for two-and-a-half years, in a ruling that deprives the tech giant of its top decisionmaker.
Jay Y. Lee, vice chairman of Samsung Electronics Co, the world’s biggest smartphone and memorychip maker, was found guilty of bribery and embezzlement in connection with the scandal that brought down former South Korean president Park Geun-hye.
Lee “actively provided bribes and implicitly asked the president to use her power to help his smooth succession” at the head of the sprawling conglomerate, the Seoul Central District Court said in its verdict.