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He was found guilty of bribery and embezzlement of about 8.7 billion won ($7.8 million) in connection with the scandal that toppled the country's first female president, Park Geun-hye.
Mr. Lee was charged with bribery as part of a corruption investigation in early 2017. Then, he spent about a year in prison and was released.
The Supreme Court later sent the case back to the Seoul High Court. The new charges were brought against him despite the fact that a public commission had earlier recommended that the prosecutor's office drop all charges against Mr. Lee and stop investigating the circumstances surrounding the power transfer to the Samsung Group.
Lee Jae-yong effectively took over Samsung Group's management in 2014 after his father Lee Kun-hee stepped down for health reasons. In October 2020, Lee Kun-hee died in hospital in Seoul.
source: reuters.com
Mr. Lee was charged with bribery as part of a corruption investigation in early 2017. Then, he spent about a year in prison and was released.
The Supreme Court later sent the case back to the Seoul High Court. The new charges were brought against him despite the fact that a public commission had earlier recommended that the prosecutor's office drop all charges against Mr. Lee and stop investigating the circumstances surrounding the power transfer to the Samsung Group.
Lee Jae-yong effectively took over Samsung Group's management in 2014 after his father Lee Kun-hee stepped down for health reasons. In October 2020, Lee Kun-hee died in hospital in Seoul.
source: reuters.com
