Samsung's heir gets 20-year prison sentence, throwing company plans in disarray
Back in 2017, Lee Jae-yong, the vice chairman of and would-be heir of the tech empire at the time, was found guilty in a bribery and embezzlement scandal, and was sentenced to 5 years in prison.
Lee was accused of wiring the equivalent of almost $40 million from Samsung subsidiaries to two foundations set up by a confidante of impeached president of South Korea Park Geun-hye. The money was allegedly paid out to win favor from the country's state pension fund, which supported a merger between two Samsung affiliates in 2015.
Lee was accused of wiring the equivalent of almost $40 million from Samsung subsidiaries to two foundations set up by a confidante of impeached president of South Korea Park Geun-hye. The money was allegedly paid out to win favor from the country's state pension fund, which supported a merger between two Samsung affiliates in 2015.
This was reportedly done in a bid to secure regulatory ...
Source PhoneArena https://ift.tt/39LZ9N8
via Seoandserver
Source PhoneArena https://ift.tt/39LZ9N8
via Seoandserver
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