Samsung heir jailed
August 25, 2017
The head of South Korea’s Samsung, Jay Y. Lee, was sentenced to five years custody for bribery in a watershed case for the country’s economic elite, family-run conglomerates.
After a six-month trial and a scandal that brought down then president, Park Geun-hye, a court ruled that Lee had paid bribes in anticipation of favours from Park. The court also found Lee guilty of hiding assets abroad, embezzlement and perjury.
Lee, the 49-year-old heir to the Samsung empire, has been held since February on charges that he bribed Park to help secure control of a conglomerate that owns Samsung Electronics.