Latest Nigeria News - Latest Naija Gists

Samsung heir, Jay Y. Lee sentenced to two and half years in prison for bribery and embezzlement

0
(0)

Samsung heir, Jay Y. Lee sentenced to two and half years in prison for bribery and embezzlement

Samsung heir, Jay Y. Lee sentenced to two and half years in prison for bribery and embezzlement

Lee Jae-yong, Samsung vice-chairman and heir to the global phone brand has been sentenced to two and half imprisonment by a Seoul High Court, South Korea after he was found guilty of embezzlement and bribery.

Lee Jae-Yong was taken into custody following the verdict and report disclosed that his imprisonment puts the of the company in jeopardy.

[ DOWNLOAD MP3 NOW ]

According to reports, Lee, also known as Jay Y. Lee, was caught up in a massive influence-peddling scandal that brought down the government of former South Korean President Park Geun-hye, that resulted in the imprisonment of Park for up to two decades.Back in 2017, Lee was found guilty of bribery and other corruption charges in and sentenced to five years in prison at the time, but walked free after less than a year when an appeals court threw out some of the charges and suspended his sentence.

Lee’s return to prison comes at a critical time for Samsung. His father Lee Kun-hee, the company’s chairman, died last year after suffering a heart attack in 2014 .

Samsung has declined to comment about the sentencing, instead referring to a statement from Lee’s attorneys.

“This case is, in essence, a violation of corporation’s rights to freedom and property by the former president abusing her power,” said Injae Lee, the lawyer leading the vice chairman’s defense team.

“I find the court’s decision regrettable.”

Lee’s legal troubles aren’t over as he faces a separate trial over a controversial 2015 merger that helped him tighten control over the company.

The post Samsung heir, Jay Y. Lee sentenced to two and half years in prison for bribery and embezzlement appeared first on Within .

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

Aminat Aigbe

Aminat Aigbe is the first lady of afronaija and a very good blogger ( Original Mrs AfroNaija )

Related Articles

Leave a Reply

Your email address will not be published.