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Seoul court to rule on Samsung scion Lee in bribery trial
Source: Reuters
#TECHNOLOGY NEWS AUGUST 24, 2017 / 11:03 AM / 27 MINUTES AGO
Seoul court to rule on Samsung scion Lee in bribery trial
Joyce Lee and Soyoung Kim
5 MIN READ
SEOUL (Reuters) - A South Korean court will rule on Friday on corruption charges against Jay Y. Lee, the billionaire head of Samsung Group, after a six-month trial in a nationwide bribery scandal that triggered the dismissal from office of the country's president.
Lee, the 49-year-old heir to one of the world's biggest corporate empires, has been held since February on charges that he bribed then president Park Geun-hye to help secure control of a conglomerate that owns Samsung Electronics, the world's leading smartphone and chip maker, and has interests ranging from drugs and home appliances to insurance and hotels.
Prosecutors have demanded a 12-year jail sentence for Lee, who also faces charges of embezzlement and perjury - potentially the longest prison term given to a South Korean business leader.
The third-generation de facto head of the powerful Samsung Group, Lee has effectively directed operations since his father, Lee Kun-hee, was incapacitated by a 2014 heart attack.
-snip-
Seoul court to rule on Samsung scion Lee in bribery trial
Joyce Lee and Soyoung Kim
5 MIN READ
SEOUL (Reuters) - A South Korean court will rule on Friday on corruption charges against Jay Y. Lee, the billionaire head of Samsung Group, after a six-month trial in a nationwide bribery scandal that triggered the dismissal from office of the country's president.
Lee, the 49-year-old heir to one of the world's biggest corporate empires, has been held since February on charges that he bribed then president Park Geun-hye to help secure control of a conglomerate that owns Samsung Electronics, the world's leading smartphone and chip maker, and has interests ranging from drugs and home appliances to insurance and hotels.
Prosecutors have demanded a 12-year jail sentence for Lee, who also faces charges of embezzlement and perjury - potentially the longest prison term given to a South Korean business leader.
The third-generation de facto head of the powerful Samsung Group, Lee has effectively directed operations since his father, Lee Kun-hee, was incapacitated by a 2014 heart attack.
-snip-
Read more: http://www.reuters.com/article/us-samsung-lee-idUSKCN1B41VC
