Court Jails Samsung Chief for 5 years.
https://mexytek.blogspot.com/2017/08/court-jails-samsung-chief-for-5-years.html
A court in South Korea has sentenced Samsung's
heir-apparent Lee Jae-yong to five years in prison for corruption. Lee was
convicted of bribery in a scandal that also saw the impeachment of South
Korea's former president.
The criminal conviction is a blow for Samsung, the
world's largest smartphone maker and South Korea's biggest family-run conglomerate
whose businesses are estimated to account for around 15% of the country's
entire economy.
He had been detained since February on a string of corruption
charges. These included bribery, embezzlement and hiding assets overseas.
The 49-year-old is accused of giving donations worth
$36m to a non-profit foundations operated by Choi Soon-sil, a friend of South
Korea's former President Park Geun-hye, in return for political favours. His lawyer said on Friday they would appeal against
the court's decision.
PICTURE:
gettyimages.
