January 18, 2021
1 min read

Samsung heir jailed over corruption

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 Asian Lite News

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.

Also read:Q4 2020: Samsung To Post $9 Bn Operating Income

Previous Story

Brazil vaccine rollout to begin soon

Next Story

UK plans to offer first dose of vaccine to every adult

Latest from -Top News

India opens world’s highest rail bridge

Prime Minister Narendra Modi inaugurated the world’s highest railway bridge over the Chenab River in Jammu and Kashmir and flagged off the much-awaited Vande Bharat Express to Srinagar, marking a historic moment

Sisi, MBZ cement ties

UAE and Egypt bolster ties through high-level talks in Abu Dhabi and a landmark cardiac care initiative delivering lifesaving treatment to rural communities The United Arab Emirates and Egypt reaffirmed their strong

‘UAE leads global fight against plastic waste’

UAE accelerates its fight against plastic pollution with a bold single-use plastic ban and expanded environmental policies to safeguard natural ecosystems for future generations The United Arab Emirates continues to lead the

70,000 Gaza kids starve

WFP warned that any further escalation of conflict could paralyse relief operations altogether, deepening the plight of civilians—especially children, the elderly, and vulnerable groups As the humanitarian crisis in Gaza intensifies, the

Prayers on the Mount

The Day of Arafat, considered the pinnacle of the Hajj pilgrimage, witnessed a congregation of believers from around the world As the sun blazed overhead and temperatures climbed to a sweltering 41°C,
Go toTop