The Seoul Central District Court has found Lee Jae-yong, vice chairman of Samsung Electronics, guilty of bribery, embezzlement and perjury, amid accusations that the presumed air to the Samsung empire was offering bribes to former South Korean president Park Geun-hye.
Lee was sentenced to spend a maximum of five years in prison. It remains unclear whether the charge will ruin Lee’s chance of succeeding his father, ailing Samsung chairman Lee Kun-hee. We doubt it though, seeing as the elder Lee was previously convicted of bribery and tax evasion, only to later be pardoned on both counts.
Lawyers expect Lee to appeal the decision.
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