Samsung heir Lee Jae-yong released from prison on appeal

Samsung heir Lee Jae-yong released from prison on appeal

6 years ago
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https://www.theverge.com/2018/2/5/16972818/samsung-ceo-wins-bribery-appeal

Samsung Electronics Vice Chairman Lee Jae-yong, also known as Jay Y. Lee in the West, has been released from prison after a successful appeal. Lee had been sentenced to five years after being found guilty of perjury, embezzlement, and bribery in a scandal that led to the removal of former President Park Geun-hye last year. In addition to receiving a suspended prison sentence today, Lee’s prison term was reduced to two-and-a-half years, though he’s free to go on four years probation after being incarcerated for almost a year, according to Bloomberg.

Lee is the son of infamous Lee Kun-hee, the incapacitated chairman of the Samsung Group, and presumed heir to the throne. However, due to a tradition of filial piety, the role of chairman may not pass down to Lee Jae-yong until his father actually passes away. The elder Lee had also been convicted of tax evasion and bribery, only to be later pardoned on two separate occasions.

Samsung heir Lee Jae-yong released from prison on appeal

Feb 5, 2018, 7:13am UTC
https://www.theverge.com/2018/2/5/16972818/samsung-ceo-wins-bribery-appeal >Samsung Electronics Vice Chairman Lee Jae-yong, also known as Jay Y. Lee in the West, has been released from prison after a successful appeal. Lee had been sentenced to five years after being found guilty of perjury, embezzlement, and bribery in a scandal that led to the removal of former President Park Geun-hye last year. In addition to receiving a suspended prison sentence today, Lee’s prison term was reduced to two-and-a-half years, though he’s free to go on four years probation after being incarcerated for almost a year, according to Bloomberg. >Lee is the son of infamous Lee Kun-hee, the incapacitated chairman of the Samsung Group, and presumed heir to the throne. However, due to a tradition of filial piety, the role of chairman may not pass down to Lee Jae-yong until his father actually passes away. The elder Lee had also been convicted of tax evasion and bribery, only to be later pardoned on two separate occasions.