Samsung Heir Jay Y. Lee Ordered Back to Prison Over Bribery Charges
Park is offering a 20-year jail sentence in link to the situation in addition to various other fees.
” This case is, in essence, an infraction of company’s civil liberties to liberty and residential property by the previous head of state abusing her power,” Injae Lee, the legal representative leading the vice chairman’s protection team, told CNN. “I discover the court’s choice regrettable.”
On Monday, Samsung’s vice chairman and de facto leader, Jay Y. Lee, was sent back to jail with a 2-1/2- year sentence over bribery costs.
Monday’s ruling resulted from the country’s Supreme Court reversing the reduced court’s decision to put on hold Lee’s sentence and buying a retrial in 2019. Returning to jail can suggest Lee is required off the Samsung board and has no place in major decisions at the firm.
Lee has been the de facto head of Samsung Electronics because his daddy, Lee Kun-hee, was hospitalized following a heart attack in 2014. The elder Lee died in October.
At first, the younger Lee was punished to 5 years behind bars in 2017 for his component in a corruption detraction that lowered South Korean President Park Geun-Hye.
Shares of Samsung Electronics dropped 3.4% Monday after Lee’s sentencing.
Lee, 52, was charged with offering steeds and also various other allurements to a good friend of Park’s with the hope of winning federal government support for his sequence at Samsung. He was likewise found guilty of embezzlement.
Samsung didn’t instantly react to any ask for comment from Insider about future leadership at the company.
Lee served a year in jail before being released in February 2018, after the Seoul High Court reduced his five-year sentence in half and suspended it.