SamMobile has affiliate and sponsored partnerships. If you buy something through one of these links, we may earn a commission.

News For You
News For You
Notifications

Lee Jae-Yong to be absent from his retrial due to father’s funeral

General
By 

Last updated: October 26th, 2020 at 08:31 UTC+01:00

Samsung heir Lee Jae-Yong won't be able to attend his retrial as he will be at his father Lee Kun-hee's funeral. He had asked the Seoul High Court to allow his absence from the retrial after his father's death yesterday. Contrary to its customary practice, the appellate court had asked Lee to appear in the court for the preparatory session.

The retrial related to the famous bribery scandal resumed last month. The Supreme Court struck down the complaint lodged by the prosecution in January to replace the judges who had ruled favorably. With Lee's absence, the retrial's preparatory session will be attended by the prosecution team and Lee's legal team.

Lee Jae-Yong was initially sentenced to five years of prison after he was found guilty of bribing a longtime friend (Choi Soon-Sil) of former South Korean President Park Geun-Hye. In return, he took their help in the merger of Cheil Industries and Samsung C&T in order to take the control of Samsung Group from his ailing father. The jail term was then reduced to 2.5 years and he was freed a year later after the bribery charges against him were dismissed.

The Supreme Court, however, sent the case back to the lower court in August for retrial. It said that the junior Lee should be found guilty of providing $4.1 million worth of bribes, including three horses that were worth $2.8 million. The earlier ruling had excluded them from bribery charges since Samsung didn't give Choi the ownership of the horses.

General Lee Jae-yongLee Kun-hee
Galaxy AI summarized

Scroll for more related content
News For You

You might also like

Samsung boss is the only Korean business person to get this unique honor

Samsung boss is the only Korean business person to get this unique honor

Much ink has been used to write about Samsung's outsized influence on South Korea's economy. Yet, despite the various observations and controversies surrounding the country's most valuable conglomerate, it's also the only one with a truly global presence that's recognized for its immense potential. Case in point, the list of 100 most influential people in […]

  • By Adnan Farooqui
  • 2 weeks ago
Prosecutors want Samsung boss sent to jail for 5 years

Prosecutors want Samsung boss sent to jail for 5 years

Samsung Electronics Chairman Jay Y. Lee has been in and out of prison over different charges, including an 18-month stint behind bars in 2021. One of the more significant charges against him allege market irregularities in the merger that saw the Lee family solidify their control over the Samsung conglomerate. A court in verdict had […]

  • By Adnan Farooqui
  • 2 weeks ago
Samsung chief angry at mobile division for copying Apple’s design

Samsung chief angry at mobile division for copying Apple’s design

Last month, Samsung unveiled its new foldable phones, smartwatches, and wireless earbuds. After the announcement, several people started mocking Samsung and accused it of copying Apple's design language with the Galaxy Buds 3 and the Galaxy Watch Ultra, which reportedly made Samsung's chief angry at the mobile division for plagiarism. Samsung chief Lee reportedly got […]

  • By Asif Iqbal Shaik
  • 4 months ago
Samsung, Hyundai, Tesla bosses to meet during Paris Olympics

Samsung, Hyundai, Tesla bosses to meet during Paris Olympics

According to a new report from The Chosun Daily, the Chairman of Samsung Electronics, Lee Jae-Yong, the Chairman of Hyundai Motor Group, Chung Eui-Sun, and the CEO of Tesla Motors, Elon Musk, are going to meet for dinner this weekend in Paris. Reportedly, the bosses of the three companies are visiting France during the 2024 […]

  • By Abid Iqbal Shaik
  • 4 months ago
Samsung boss attends Paris Olympics for networking and national support

Samsung boss attends Paris Olympics for networking and national support

It was reported last week that Samsung Electronics Chairman Jay Y. Lee might visit Paris to attend the 2024 Olympics where he would network with other business leaders and also support the South Korean athletes. Lee arrived in Paris last Wednesday and has since taken part in a number of high-level business meetings. This is […]

  • By Adnan Farooqui
  • 4 months ago
Samsung boss to visit Paris Olympics for promoting new devices

Samsung boss to visit Paris Olympics for promoting new devices

Samsung Electronics is a longstanding sponsor of the Olympics. It aligned the second Unpacked event of this year along with the games in Paris this year, unveiling new foldables, new smartwatches, earbuds, and the Galaxy Ring at the event on July 10. With the Olympics due to kick off this week, Samsung Electronics Chairman Jay […]

  • By Adnan Farooqui
  • 5 months ago