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Monday, September 16, 2019

Samsung heir sentenced to 5 years in prison for bribery

SEOUL, South Korea -- A South Korean court has sentenced the billionaire Samsung heir, Lee Jae-yong, to five years in prison after finding him guilty of offering bribes to the country's former president and other crimes.

The court said Lee was also guilty of embezzlement, hiding assets overseas, concealing profit from criminal acts and perjury.

It said Lee hoped bribes for Park Geun-hye at the time she was president and her close friend Choi Soon-sil would secure government support for a merger that strengthened Lee's control over the Samsung empire and its flagship Samsung Electronics at a crucial time.

Park and Choi also have trials underway. (AP)

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