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Samsung heir found guilty of corruption and sentenced to five years in prison
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Samsung heir found guilty of corruption and sentenced to five years in prison

by firstsource newsAugust 25, 2017

South Korean court sentences Lee Jae-yong over role in scandal that led to impeachment of former president Park Guen-hye

A bribery and cronyism scandal that has already toppled a South Korean president has claimed a major business scalp after a court sentenced Lee Jae-yong, the acting chairman of Samsung, to five years in prison after finding him guilty of offering bribes and other crimes.

The billionaire, who is South Korea’s third-richest man and heir to the sprawling Samsung empire, had been accused of making large donations to foundations run by a close friend and confidante of the deposed South Korean president, Park Geun-hye, in return for political favours.

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