Samsung Heir Released from
February 5, 2018
A South Korean appeals court suspended a jail sentence handed
down to billionaire Samsung Electronics heir Lee Jae-young and
ordered his immediate release from prison Monday.
The Seoul Central District Court had sentenced the 49-year-old
Lee in August to five years in prison for bribery in connection
with a scandal that brought down the country's president Park
The appeals court on Monday struck down several of the
convictions and reduced the penalty on the remainder to a
suspended prison sentence of two and a half years.
Four other Samsung executives convicted alongside Lee also had
their sentences reduced, with the two who had been given prison
terms similarly having their sentences suspended.
case centered on payments Samsung made to Park's secret
confidante Choi Soon-Sil for which prosecutors argued they were
intended to secure government favors.
Lee pleaded not guilty to charges that he used Samsung corporate
funds to bribe Park.
He was also convicted of other offenses, including embezzlement,
money laundering, sheltering assets overseas and perjury of
Prosecutors had sought a 12-year prison term for Lee at the
appeals court. The appeals court ruling is expected to be
appealed to the country's supreme court.
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