South Korean court sentences Lee Jae-yong over role in scandal that led to impeachment of former president Park Guen-hye

A bribery and cronyism scandal that has already toppled a South Korean president has claimed a major business scalp after a court sentenced Lee Jae-yong, the acting chairman of Samsung, to five years in prison after finding him guilty of offering bribes and other crimes.

The billionaire, who is South Korea’s third-richest man and heir to the sprawling Samsung empire, had been accused of making large donations to foundations run by a close friend and confidante of the deposed South Korean president, Park Geun-hye, in return for political favours.

Continue reading…

Facebook Comments

This site uses Akismet to reduce spam. Learn how your comment data is processed.