City
Epaper

Samsung heir sentenced to prison for corruption

By IANS | Updated: January 18, 2021 12:10 IST

Seoul, Jan 18 A Seoul court on Monday sentenced Lee Jae-yong, heir apparent of South Korea's biggest family-run ...

Open in App

Seoul, Jan 18 A Seoul court on Monday sentenced Lee Jae-yong, heir apparent of South Korea's biggest family-run conglomerate the Samsung Group, to two years and a half in prison for corruption charges, including a bribery case involving former President Park Geun-hye.

The Seoul High Court gave Lee, Vice Chairman of Samsung Electronics Co., the prison term for bribing Park and her longtime friend, Choi Soon-sil, to win government support for a smooth transition of managerial power at the tech giant, reports Yonhap News Agency.

Park was later impeached and ousted for corruption and abuse of power.

Lee, who was present at the hearing on Monday, was taken into custody immediately after the verdict was handed down, less than three years after he was released on a suspended sentence.

The 52-year-old Lee was charged in February 2017 with giving 29.8 billion won ($27.4 million) worth of bribes and promising to give more.

( With inputs from IANS )

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: seoulSouth KoreaSamsung GroupRepublic of koreaSeoul high courtSamsung business tvSamsun
Open in App

Related Stories

EntertainmentHappy Birthday V: BTS’ Kim Taehyung Celebrates His 30th Birthday; Members Pour in Heartfelt Wishes

InternationalSouth Korean Rocket Blast: Massive Explosion After Hanbit-Nano Rocket Fails During Launch at Alcantara Space Center in Brazil

EntertainmentPower Couple Kim Woo Bin and Shin Min Ah’s Wedding Photos Break Internet (See Pics)

EntertainmentShin Min-Ah and Kim Woo-Bin Wedding: Korean Power Couple Set to Tie the Knot; Pre-Wedding Pic Goes Viral

EntertainmentJapanese Woman Who Tried to Kiss BTS Jin During Meetup Event Faces Legal Action

Technology Realted Stories

TechnologyVande Bharat sleeper train clears 180 kmph high-speed trial

TechnologyAIIMS Bhubaneswar performs first liver transplant successfully; patient recovering well

TechnologyIndia conducts successful test of Pralay, quasi-ballistic missile off Odisha coast

TechnologyOperational disruptions: IndiGo says fully collaborating with regulator’s committee

TechnologyAdani Foundation, Adani Electricity enable 1st-ever air travel experience for ‘Swabhimaan’ beneficiaries