ABOUT US CONTACT US PROGRAMMES
  Dy365 App Twitter Facebook YouTube
Guwahati
 
 
South Korea: Samsung Group Chief Jay Y. Lee sentenced to five years imprisonment on charges of bribery
Posted on: 25-08-2017 , 03:50:PM | DY365 Bureau

 Picture Courtesy:Independent

August 25, 2017: Triggering sensation the Chief of Samsung Business Empire, Jay Y. Lee has been sentenced five years of imprisonment by the Seoul Central District Court on Friday.

Reportedly, Lee is convicted of bribery and other corruption offences in connection with the scandal that brought down South Korean president Park Geun-Hye.
Lee was found guilty of bribery, embezzlement, perjury and other charges centered on payments and promises by Samsung totaling 43.3 billion won (around $40 million) to Park's secret confidante Choi Soon-Sil in exchange for government support for a merger that helped him tighten control over Samsung.
A lawyer for Samsung Group leader Jay Y. Lee said on Friday the defense team could not accept a court ruling to jail Lee for five years for bribery and will appeal against the decision stating that Samsung was pressured by Park to make the donations under threats and that Lee was not aware of them and did not approve them. Four other top Samsung executives were also convicted and received sentences of up to four years.
The 49-year-old executive has been the de facto leader of Samsung since his ailing father was left incapacitated by a 2014 heart attack.
It maybe stated that this verdict has come as a blow against Samsung Group, the world's largest smart phone maker and South Korea's biggest family-run merger whose businesses are estimated to account for around 15% of the country's entire economy.
 
 

»
Click here to watch the Live Stream. | High - BB / Droid
»
Click here to watch Live Stream on iPhone / iPad / iTouch. High| Beta
 
 
 
Dy365 in TATA SKY   Dy365 in Airtel   Dy365 in Dish Tv   Dy365 in Videocon   Dy365 in Big TV   Dy365 in ACC
Channel No : 1953
 
Channel No : 643
 
Channel No : 1529
 
Channel No : 849
 
Channel No : 784
 
Channel No : 003
 
 
 
News Sections
 
 
Others
 
 
Photo Gallery
 
 
 
   
     
2009-15 DY365, All rights reserved,
Privacy Policy,
Powered by Web.Com (India) Pvt. Ltd.