by Amoh

August 25, 2017

Samsung heir jailed for corruption

A court in South Korea has sentenced Samsung’s billionaire 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 case has gripped the public amid growing anger against South Korea’s biggest companies, known as chaebols.

Lee, who denied all charges, had faced a jail sentence of up to 12 years.

Also known as Jay Y Lee, the de facto head of the world’s largest smartphone maker had been detained since February on a string of corruption charges.

These included bribery, embezzlement and hiding assets overseas.

What did he do?

The 49-year-old is accused of giving donations worth 41bn won ($36m; £29m) to non-profit foundations operated by Choi Soon-sil, a friend of South Korea’s former President Park Geun-hye, in return for political favours.

Prosecutors said the donations were made to Ms Park’s confidante to win government support for a big restructuring of Samsung that would strengthen Lee’s control over Samsung Electronics.

But Lee’s defence team said that the payments were signed off without his knowledge.

Lee has previously admitted that the firm also gave a horse and money to help the equestrian career of Choi’s daughter, Chung Yoo-ra, but denied seeking favours.

His lawyer said on Friday they would appeal against the court’s decision.

“We are confident the ruling will be overturned,” Song Wu-cheol said.

Who else is involved?

The case contributed to President Park’s eventual impeachment and she now faces trial for corruption herself, something she denies.

Her friend Choi has already been jailed for three years after being found guilty of using her position of influence to solicit favours for her daughter.

On Friday, two other Samsung executives, Choi Gee-sung and Chang Choong-ki, were also convicted in the same trial as Lee and sentenced to four years in prison. Former Samsung Electronics president Park Sang-jin and executive vice-president Hwang Sung-soo were handed suspended sentences.

Source: BBC

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