12-Year Jail for Samsung Heir
12-Year Jail for Samsung Heir

12-Year Jail for Samsung Heir

12-Year Jail for Samsung Heir

Prosecutors asked a South Korean court to extend the prison term for Samsung Electronics heir-apparent Jay Y. Lee to 12 years, in an appeal of his five-year sentence for allegedly bribing his way to greater control of the country’s biggest company.
Lee, 49, is the highest-profile business figure to be embroiled in an influence-peddling scandal that led to the ouster of President Park Geun-hye last year. In August, a Seoul court convicted the Samsung Electronics vice chairman of giving Park’s friend thoroughbred horses in the hope it would help secure government support for his ascension to the top of the company, Bloomberg reported.
Prosecutors originally sought 12 years for Lee in August, saying such a sentence would help “establish the rule of law” in a country where ties between government and business have come under renewed scrutiny since the scandal emerged.

Short URL : https://goo.gl/XCbHPt
  1. https://goo.gl/e4eX9J
  • https://goo.gl/2vx2Qo
  • https://goo.gl/EN5Ff5
  • https://goo.gl/ZUBcrb
  • https://goo.gl/dMb2zE

You can also read ...

An Iraqi peddler displays Iranian currency for sale in the capital Baghdad on Aug. 9.
Iraqi Prime Minister Haider al-Abadi has raised the level of...
Turkey to Defy US Sanctions, Maintain Trade Ties With Iran
Turkey intends to defy US President Donald Trump and continue...
CBI Delivering 2.5m Presold Gold Coins
The Central Bank of Iran has started the delivery of 2.5...
Google Rolls Back Android Messages to Old Design
On Thursday, it looked as though Google was starting to roll...
Iran Chamber of Commerce Urges FATF Compliance
Iran Chamber of Commerce, Industries, Mines and Agriculture,...
Private Housing Investments Rise
The uptrend in private sector investments in the housing...
New Foreign Exchange Policy:  Exporters’ Savior or Bane?
The new forex policy, announced last week by the Central Bank...
Hoarded Goods Worth $40m Confiscated in Tehran
Essential goods worth 3.2 trillion rials (around $40 million)...

Add new comment

Read our comment policy before posting your viewpoints