Lee Jae-yong — the 278th-richest person in the world, according to Forbes — was released on parole in August 2021, after serving 18 months in jail, just over half of his original sentence.
South Korean court gives Samsung Electronics vice chairman Lee Jae-yong prison sentence for his role in 2016 corruption scandal, which will have major ramifications for his leadership of the tech giant.
The request of an arrest warrant for the heir of South Korean Samsung empire was declined by the court due to lack of sufficient probable cause over the controversial merger, but his retrial on charges of bribery and embezzlement continues.
He served in jail for about one year until February 2018 for a bribery scandal to win support from the former government for a controversial 2015 merger of two Samsung affiliates.
South Korea's Supreme Court also ordered a new trial for Samsung heir Lee Jae-yong, who was convicted of offences including bribery and embezzlement in connection with the scandal that brought down former president Park Geun-hye.
Vice chairman of Samsung Electronics Jay Y Lee walked free after being detained for a year over bribery charges. He had initially been sentenced to five years in prison.
The world's biggest memory chip and smartphone maker posted the profit despite the fact that its de facto leader was jailed for bribery and having faced a recall of its flagship Galaxy Note 7 device.
Last polls place left-leaning Moon Jae-in as the front runner. Elections are taking place with a public eager for a fresh start after months of protests to first impeach and then indict Par Geun-hye for corruption.
Park Geun-hye can be detained for up to 20 days during investigations into allegations of corruption and abuse of presidential power that led to her impeachment.
South Koreans are calling it the "trial of the century." The head of Samsung Jay Y Lee faces bribery, corruption, perjury and other charges stemming from a scandal that led to the impeachment of President Park Geun-hye.
Samsung Group Vice Chairman Lee Jae-yong was questioned as part of a wider probe into corruption claims that could topple impeached South Korean President Park Geun-hye.
Subscribe to our Youtube channel for all latest in-depth, on the ground reporting from around the world.
Copyright © 2023 TRT World.
Like
Follow