J.Y. Lee, Chief of South Korea’s Samsung Business Empire, Is Sent to Prison

By | January 18, 2021
J.Y. Lee, Chief of South Korea’s Samsung Business Empire, Is Sent to Prison

J.Y. Lee, Chief of South Korea’s Samsung Enterprise Empire, Is Despatched to Jail

SEOUL, South Korea — ​The Seoul Excessive Court docket ​sentenced Samsung’s high chief, Lee Jae-yong, to ​two and a half years in jail on Monday for bribing South Korea’s former president, Park Geun-hye​.

Mr. Lee’s case should go to the Supreme Court docket earlier than it’s formally closed. In South Korea, the Supreme Court docket can both endorse a decrease court docket’s ruling on a case or ship it again for a retrial. It can’t overrule a decrease court docket’s sentence.

When Mr. Lee’s case first reached the Supreme Court docket in 2019, the court docket returned it to the Seoul Excessive Court docket for retrial, saying that it had underestimated the quantity of bribes Mr. Lee paid to Ms. Park and her secretive confidante, Choi Quickly-sil, whereas Ms. Park was in energy. It stated the quantity ought to be 8.6 billion received ($7.8 million), not 3.6 billion, because the decrease court docket had discovered.

In its ruling on Monday, the Seoul Excessive Court docket accepted 8.6 billion received as the correct quantity, as instructed by the Supreme Court docket. Its choice to take action meant that it was all however a accomplished deal that the Supreme Court docket would endorse the ruling.

Mr. Lee already spent one yr in jail after being arrested by prosecutors in 2017 in connection to the bribery case. He’s now anticipated to solely spend one and a half years in jail with time served, taking him away from the day-to-day administration of one of many world’s most beneficial tech giants.

​After the court docket issued its sentence on Monday, Mr. Lee was instantly arrested within the courtroom so he may begin serving his time.

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