A court on Friday sentenced the billionaire head of South Korea’s Samsung Group, Jay Lee, to five years in prison for bribery.
After a six-month trial over a scandal that brought down the then president, Park Geun-hye, a court ruled that Lee had paid bribes in anticipation of favors from Park.
The court also found Lee guilty of hiding assets abroad, embezzlement and perjury.
Lee, the 49-year-old heir to one of the world’s biggest corporate empires, has been held since February on charges that he bribed Park to help secure control of a conglomerate that owns Samsung Electronics,.
Lee, who re-emerged stony-faced from the courtroom in a dark suit, but without a tie, and holding a document envelope, was escorted by justice ministry officials back to his detention center.
“This case is a matter of Lee Jae-yong and Samsung Group executives, who had been steadily…
Read More…..PM News
