dcsimg
June 23, 2018
Hot Topics:

Samsung Heir Gets 5-Year Prison Sentence

  • August 25, 2017
  • By Developer.com Staff

A South Korean court has sentenced Lee Jae-yong, 49, to five years in prison for bribery, embezzlement, illegally transferring assets overseas, concealing criminal proceeds and perjury. Lee was the heir apparent to the Samsung family and one of the most powerful people in the country, which is sometimes called "The Republic of Samsung."

The charges against Lee stem from a political corruption scandal that also led to the impeachment of former President Park Geun-hye. “At the heart of this case is the collusion between political power and economic power,” the presiding judge said. “This is a case in which Samsung executives . . . provided a large amount of money in bribes to the president, who has the final say in economic policy, in anticipation of help with the succession process.”

Park is now on trial and faces a potential 10-year prison term.

View article






Comment and Contribute

 


(Maximum characters: 1200). You have characters left.

 

 


Enterprise Development Update

Don't miss an article. Subscribe to our newsletter below.

By submitting your information, you agree that developer.com may send you developer offers via email, phone and text message, as well as email offers about other products and services that developer believes may be of interest to you. developer will process your information in accordance with the Quinstreet Privacy Policy.

Sitemap

×
We have made updates to our Privacy Policy to reflect the implementation of the General Data Protection Regulation.
Thanks for your registration, follow us on our social networks to keep up-to-date