Samsung Electronics’ de facto chief and vice chairman, Lee Jae-yong, on Monday was sentenced to two and a half decades in prison by a court in Seoul in excess of bribery fees.
Lee was found guilty by the Seoul Large Court docket for bribing former president Park Geun-hye and her aide to achieve government help for a merger between two Samsung affiliate marketers that enhanced his regulate about the conglomerate.
He was instantly taken into custody right after the hearing to begin his prison sentence.
Lee was sentenced to five yrs in prison again in 2017 for the exact same expenses by a district court docket. He was then freed in 2018, having said that, soon after an appellate court docket handed down a suspended sentence of two and a half many years.
In 2019, the Supreme Court docket ordered a retrial as it thought the appellate court docket wrongly dismissed some of the fees that had been put towards Lee. The Supreme Court docket explained the 3 horses and other favours presented by Lee and Samsung executives to Park amounted to bribes truly worth 8.6 billion gained ($7 million).
At the retrial, Lee’s legal professionals experienced highlighted his hard work and those people of Samsung to follow the legislation by forming a compliance committee.
In May final yr, Samsung’s de facto chief also issued a televised apology for the conglomerate’s involvement in the scandal, admitting that the rates of unethical actions were being brought about by a “succession dilemma” and promised these kinds of functions experienced been place to rest.
But the Seoul Superior Courtroom doubted the success of this sort of a committee and mentioned it was not a variable in the course of its final decision producing approach.
Independently, Lee is also underneath trial for alleged stock selling price manipulation in excess of the merger of the two Samsung affiliates.