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Vice-Chairman of Samsung Electronics Jailed Two and A Half Years for Bribery

January 18, 2021
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Vice-Chairman of Samsung Electronics Jailed Two and A Half Years for Bribery
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Billionaire Vice Chairman of Samsung Electronics, Lee Jae-yong was sent back to prison on Monday after a South Korean court sentenced him to two and a half years over his involvement in a 2016 corruption scandal that spurred massive street protests and ousted South Korea’s then-president.

In a much-anticipated retrial, the Seoul High Court found Lee guilty of bribing then-President Park Geun-hye and her close confidante to win government support for a 2015 merger between two Samsung affiliates that helped strengthen his control over the country’s largest business group.

Lee’s lawyers had portrayed him as a victim of presidential power abuse and described the 2015 deal as part of “normal business activity.”

Wearing a mask and black suit and tie, Lee was taken into custody following the ruling.He didn’t answer questions by reporters upon his arrival at the court. Lee Injae, an attorney who leads Lee Jae-yong’s defense team, expressed regret over the court’s decision.He didn’t specifically say whether there would be an appeal.Samsung did not issue a statement over the ruling.

 AP

Tags: Lee Jae-yongSamsung ElectronicsVice-Chairman of Samsung Electronics
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