TELETRADER News
2/5/2018, 7:45 AM (Source: TeleTrader)
more TeleTrader news

Samsung heir Lee's corruption sentence suspended

A South Korean appeals court decided on Monday to suspend the prison sentence of Samsung's Vice-Chairman and heir Lee Jae-yong (pictured), who was found guilty last August of bribery, embezzlement and perjury. The appeals court reduced Lee's original five-year prison sentence to two and a half years, but the verdict will be suspended for four years, allowing the de-facto leader of South Korea's largest conglomerate to resume his management role at Samsung.

Lee was imprisoned in February 2017 amid a corruption scandal that rocked South Korea and led to the impeachment of ex-President Park Geun-hye. He was convicted on August the same year after the court found that he paid bribes to President Park in order to secure support for a merger between two Samsung subsidiaries.

Baha Breaking News (BBN) / FH