Samsung Heir Jay Lee gets 5-year sentence for bribery, embezzlement & perjury

SEOUL : The billionaire heir of Samsung Group, Ja Y Lee, has been sentenced for five years in prison Friday after a trial that lasted six months.

Charges against him included bribery, embezzlement and perjury.

The bribe, the court observed, was paid to then president Park Geun-hye  to secure control of a conglomerate that owns Samsung Electronics, the world’s leading smartphone and chipmaker and holds interest in products ranging from drugs and home appliances to insurance and hotels.

Park stepped down as the scandal broke.

Lee, the heir to one of the world’s biggest corporate empires, was also found guilty of hiding assets abroad.

The 49-year-old emerged stony-faced from the court room in a dark suit and was escorted by ministry officials to the detention centre.

All along, Lee denied any wrongdoing and his layers said he would appeal

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