Another Prison Sentence for Samsung Boss in Bribery Case

Samsung director Lee Jae-yong has been sentenced to 2.5 years in prison in South Korea. He was found guilty of bribery and was immediately detained, Yonhap news agency reported.

The billionaire had previously been in jail for about a year for this matter.

The case was shelved in 2018. The Supreme Court then reimbursed the case to a lower court. A ruling was made there on Monday.

The Samsung CEO is said to have given horses as a gift to gain support from the government of ex-president Park Geun-hye for a merger of two Samsung subsidiaries. Prosecutors had demanded nine years in prison.

Lee Jae-yong (52) formally holds Vice Chairman’s position at Samsung, but de facto heads the company. His father Lee Kun-hee was the actual chairman until his death in October.

Lee has been trying to secure his “succession” with Samsung for over a decade.

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