Samsung heir walks free as court suspends prison sentence

Business

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Samsung found itself ensnared in a corruption scandal last year that brought down South Korea's former president Park Geun-hye. Samsung Electronics Vice Chairman Lee Jae-yong, the conglomerate's heir apparent, was arrested on charges that included bribery and corruption. He denied wrongdoing throughout the trial but a Seoul court found him guilty and sentenced him to five years in prison. Lee filed an appeal against his prison sentence with the Seoul High Court and he has now emerged victorious.

Lee Jae-yong is now a free man

Lee Jae-yong walked out a free man today almost a year after he was first arrested and detained. The Seoul High Court ruled on his appeal today and reduced the original prison sentence by half to two and a half years. It also suspended the sentence which means that he does not have to serve any time behind bars.

Presiding senior judge Cheong Hyung-sik said during today's proceedings that Lee's involvement in the entire episode was a “passive compliance to political power.” Lee was convicted in August last year for allegedly bribing President Park to cement his control of Samsung Electronics, the conglomerate's crown jewel.

The prosecutors had originally sought a 12-year jail term for the Samsung scion. They're expected to appeal this ruling to the country's Supreme Court. Lee can return to running the conglomerate as there's no law barring him from working at Samsung.

Adnan Farooqui - Executive Editor

[email protected]

First Samsung device: SGH-E900

Adnan Farooqui is a long-term writer at SamMobile. Based in Pakistan, his interests include technology, finance, Swiss watches and Formula 1. His tendency to write long posts betrays his inclination to being a man of few words.

Via Business Lee Jae-yong

lee jae-yong, executive chairman of samsung electronics

Samsung heir walks free as court suspends prison sentence

Lee Jae-yong is now a free man

Adnan Farooqui - Executive Editor

[email protected]

First Samsung device: SGH-E900

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