Yahoo News - Latest News & Headlines
Samsung leader Jay Y. Lee given five-year jail sentence for bribery
By Joyce Lee and Yuna Park SEOUL (Reuters) - The billionaire head of South Korea's Samsung Group, Jay Y. Lee, was sentenced to five years in jail for bribery on Friday in a watershed for the country's decades-long economic order dominated by powerful, family-run conglomerates. After a six-month trial over a scandal that brought down the then president, Park Geun-hye, a court ruled that Lee had paid bribes in anticipation of favours from Park. The court also found Lee guilty of hiding assets abroad, embezzlement and perjury.
No comments:
Post a Comment