Samsung Vice-Chairman Sentenced To Prison Following Corruption And Bribery Charges


Samsung Vice-Chairman Sentenced To Prison Following Corruption And Bribery Charges

• Samsung electronics vice-chairman Jay. Y. Lee has been sentenced to prison for bribery, embezzlement, and concealment of criminal proceedings worth $7.8 Million (8.6 Billion Won) by the Seoul High Court this Monday, 18th January for 2 years and 6 months.

• Lee Jae Yong, 52, was convicted for bribing an associate of former President and jailed for 5 years in 2017. But he denied his wrongdoing and was suspended on appeal and got released after

• One year in the jail. This case was returned to Seoul High Court by the Supreme Court and it held this judgment on Monday.

• “Lee has shown willingness for management with newly stronger compliance, as he as vowed to create a transparent company,” said by the presiding judge. As Lee has already served in detention, it might be counted towards the sentence-leaving 18 months of sentence to be served.

• He (Lee) could appeal to the Supreme Court within seven days, but the legal experts opined that, he hardly has the chance as the case was already ruled by the Supreme Court.

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