Samsung Group - Latest News Update, Information, Photos & Videos on Samsung Group at Lokmat Times

The justices sent the case back to the appellate Seoul High Court - which had confirmed a 25-year prison sentence for ex-president Park Geun-hye (in office between 2013-16) on a litany of corruption charges - citing procedural issues, Efe news reported.The top court also returned the related case of Samsung Group's de facto chief, Lee Jae-yong, who had received a suspended sentence of two-and-a-half years in jail for bribing officials in exchange for government favours.Lee now faces additional charges, as the Supreme Court ruled that he paid more in bribes than had been initially estimated.Park was impeached in December 2016 after being accused of influence peddling involving her close personal aide, Choi Soon-sil, and arrested on March 30, 2017.On April 6, 2018, she was declared guilty of 16 of the 18 charges she faced over her role in the so-called "Rasputin" scandal (in reference to the moniker Choi was given by local media), including corruption, bribery and abuse of power, and sentenced to 24 years' imprisonment.The Seoul High Court increased that sentence by an additional year a few months later during the appeal.The court found that Park and Choi extorted millions of dollars from major South Korean companies - including electronics giant Samsung - while promising favourable treatment.Choi was sentenced to 20 years in prison in February 2018 and ordered to pay a multi-million-dollar fine.Park is the daughter of the late military dictator Park Chung-hee, who ruled over the country between 1961 (when he grabbed power after leading a coup d'etat) and his assassination in 1979.She is also the third former South Korean head of state to have been jailed, after Gen. Chun Doo-hwan (1979-88) and Gen. Roh Tae-woo (1988-93).( With inputs from IANS )

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Narendra Modi

Lok Sabha Election 2024

Heatwave In India

Mumbai Water Cut

Maharashtra Lok Sabha Election

IPL 2024

Samsung GroupFOLLOW

Samsung group, Latest News

Technology :Arrest warrant sought for Samsung heir over accounting fraud

South Korean prosecutors on Thursday sought an arrest warrant for Samsung Electronics' Vice Chairman Lee Jae-yong, an heir apparent ... ...

Technology :Samsung sets up new centre combining in-house tech units

Samsung Electronics created an in-house technology platform unit and named a new chief for its home appliance business in the company's latest reshuffle, corporate sources said here on Thursday. ...

International :Review of ex-S.Korean Prez's corruption case ordered

The South Korean Supreme Court on Thursday overturned part of an appeals court ruling that had convicted the country's first female President for corruption crimes. ...