Samsung Heir Lee Jae-yong Sentenced To 30 Months in Prison in Bribery Case
A South Korean court sentenced Samsung Electronics heir Samsung heir Lee Jae-yong, otherwise known as Jay Y. Lee, to two-and-a-half years in prison on a bribery charge on Monday, a ruling which is likely to have ramifications for his leadership of the tech giant as well as South Korea's views toward big business. From a report: With this, Lee will be sidelined for the time being from major decision making at the company as it strives to overtake competitors. He will also be unable to oversee the process of inheritance from his father, who died in October, crucial to keeping control of Samsung. Lee, 52, was convicted of bribing an associate of former president Park Geun-hye and jailed for five years in 2017. He denied wrongdoing, the sentence was reduced and suspended on appeal, and he was released after serving a year.
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