Samsung heir Lee Jae-yong has been sentenced to 2.5 years in jail for bribery. An appellate court in South Korea announced the sentence after a long trial, which also involved former President Park Geun-hye. Lee’s imprisonment comes as a huge shock to the tech giant and will create a leadership vacuum in the company.

Lee was facing legal charges for bribing an associate (Choi Soon-sil) of former South Korean President Park Geun-hye so that Cheil Industries and Samsung C&T could merge, allowing him to succeed his father and successfully control Samsung Electronics. The court said during the announcement of the prison sentence, “It is hard to say that Samsung’s compliance committee has met its effectiveness. It is inappropriate to reflect this in the sentencing.”


https://optimistsky.com/samsung-heir-lee-jae-yong-sentenced-to-2-5-years-in-prison-for-bribery/

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