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New 2.5-year prison sentence for Samsung leader for corruption – Latest News, Breaking News, Top News Headlines

A Seoul court sentenced Lee Jae-yong heir to the Samsung empire to 2 and a half years in prison in his new trial for corruption

| 01/18/2021 | ionicons-v5-c01: 00 | – . |

A Seoul court this Monday sentenced the heir to the empire to 2 and a half years in prison Samsung, Lee Jae-yong, in the retrial to which he has been subjected for his participation in the plot of corruption by former President Park Geun-hye.

The tall Seoul Court decided to impose this penalty on Lee for bribing former President Choi Soon-sil’s friend, nicknamed the « Rasputin« , within a wide network of favors that scandalized the country and triggered the exit from power and the imprisonment of Park.

Lee, who was present at the verdict, was guarded from the court to a detention center, to which he will return less than three years after being released when his previous sentence was overturned, according to the local agency Yonhap.

Lee had been sentenced to five years in prison in August 2017 for bribes aimed at obtaining favorable treatment from authorities, embezzling funds, hiding assets abroad and committing perjury.

However, in February 2018 an appeals court reduced his sentence and allowed him to leave prison, although his case took a new turn in August 2019, when a higher court decided to impose new charges on him.

The prosecution had requested 9 years in prison for the heir of Samsung in the new trial, in order to set an example in this high-profile case related to the notorious plot of the « Rasputin« .

The employer is also being tried by another instance of Seoul, for the charges of accounting fraud and price manipulation of stock market assets allegedly committed during the controversial merger of two group companies in 2015.

Several irregularities are attributed to that 2015 merger, including an alleged crime of accounting fraud aimed at consolidating Lee’s leadership shortly after his father, group president Lee Kun-hee, suffered a heart attack that had left him in a coma until his death last October

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