Breaking News

SAMA Introduces the S32 WOOD, a Compact M-ATX Case Bundled with an 80 PLUS Gold PSU Thypoch Completes Simera-C Cine Prime Lineup with New 100mm T1.9 Lens CORSAIR Launches the RM1200e Power Supply with Built-in PinProtect GPU Overcurrent Protection and Platinum-certified Efficiency CORSAIR Changes the Game with PureVector, a Science-Based Personalized Aiming Technology, Launching Exclusively in the SABRE v3 PRO PureVector Mouse Series AMD FSR Upscaling 4.1 Boosts Frames and Image Quality on More Devices

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed

Search form

Samsung's Lee Freed From Prison

Samsung's Lee Freed From Prison

Enterprise & IT Feb 5,2018 0

Samsung Electronics Vice Chairman Lee Jae-yong left a South Korean jail a free man on Monday after judges suspended his sentence.

The ruling reignited a public debate over widespread corruption in a case that ousted President Park Geun-hye from office last year and has ensnared leading members of the family-run "chaebol" conglomerates.

Seoul High Court sentenced Lee to two and a half years in jail on charges including bribery and embezzlement - reducing the original term by half - but suspended the sentence for four years, meaning that he is unlikely to serve any more time in jail.

Lee, 50, was arrested on Feb. 17, 2017 on five charges, including bribery, embezzlement and hiding assets overseas.

A lower court sentenced him to five years in prison, on Aug. 25, for giving 8.8 billion won (US$8.1 million) in bribes to Park and her confidante, Choi Soon-sil, in return for government backing of the merger of two key Samsung units, a process that was deemed vital to tighten Lee's control of South Korea's biggest conglomerate. The prosecution had demanded 12 years in prison for Lee.

On Monday, Lee was cleared of hiding assets overseas, a charge that could carry the heaviest punishment -- a minimum five-year sentence -- among the five charges.

The court found that Samsung sent the money overseas as kickbacks, not for the purpose of concealing it.

The court did not accept the prosecution's claim that Samsung offered bribes in return for government support for his scheme to inherit group control from his ailing father.

"The past year has been a really valuable time of looking back on myself," Lee told reporters. He added he needed to visit his ailing father, Samsung Group patriarch Lee Kun-hee, who suffered a heart attack in 2014.

Tags: SAMSUNG
Previous Post
Broadcom Makes Final Offer for Qualcomm
Next Post
Samsung to Bring Exynos Application Processors to Cars

Related Posts

  • Samsung Unveils 115” 4K Smart Signage Display

  • Galaxy AI Is Coming to New Galaxy Watch for More Motivational Health

  • Samsung Introduces Galaxy A55 5G and Galaxy A35 5G

  • Samsung’s New AI PC, Galaxy Book4 Series, Available Globally Beginning February 26

  • Samsung and Google Cloud Join Forces to Bring Generative AI to Samsung Galaxy S24 Series

  • Samsung Galaxy S24 Ultra Creates New Standards of Durability and Visual Clarity With Corning® Gorilla® Armor

  • Samsung announces 2024 Neo QLED, MICRO LED, OLED

  • Samsung Electronics Expands Odyssey Gaming Monitor Lineup With New OLED Models at CES 2024

Latest News

SAMA Introduces the S32 WOOD, a Compact M-ATX Case Bundled with an 80 PLUS Gold PSU
Enterprise & IT

SAMA Introduces the S32 WOOD, a Compact M-ATX Case Bundled with an 80 PLUS Gold PSU

Thypoch Completes Simera-C Cine Prime Lineup with New 100mm T1.9 Lens
Cameras

Thypoch Completes Simera-C Cine Prime Lineup with New 100mm T1.9 Lens

CORSAIR Launches the RM1200e Power Supply with Built-in PinProtect GPU Overcurrent Protection and Platinum-certified Efficiency
PC components

CORSAIR Launches the RM1200e Power Supply with Built-in PinProtect GPU Overcurrent Protection and Platinum-certified Efficiency

CORSAIR Changes the Game with PureVector, a Science-Based Personalized Aiming Technology, Launching Exclusively in the SABRE v3 PRO PureVector Mouse Series
Gaming

CORSAIR Changes the Game with PureVector, a Science-Based Personalized Aiming Technology, Launching Exclusively in the SABRE v3 PRO PureVector Mouse Series

AMD FSR Upscaling 4.1 Boosts Frames and Image Quality on More Devices
GPUs

AMD FSR Upscaling 4.1 Boosts Frames and Image Quality on More Devices

Popular Reviews

Endorfy Thock V2 Wireless Keyboard

Endorfy Thock V2 Wireless Keyboard

SoundPeats Cove Pro

SoundPeats Cove Pro

The Quiet Technology Behind the Spin

The Quiet Technology Behind the Spin

Akaso Brave 8 Lite

Akaso Brave 8 Lite

SoundPeats C30

SoundPeats C30

Kioxia Exceria Plus G3 512GB microSD

Kioxia Exceria Plus G3 512GB microSD

be quiet! Dark Perk Mice

be quiet! Dark Perk Mice

XbotGo Chamaleon

XbotGo Chamaleon

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed