Samsung's Lee sentenced to 5 years in prisonStaff Writer |
Asia A lower court in Seoul:
A lower court in Seoul sentenced Samsung Electronics Vice Chairman Lee Jae-yong to five years in prison Friday, finding him guilty of bribery, embezzlement and other charges in a massive corruption scandal that led to the ouster of former President Park Geun-hye.
Lee was also convicted of embezzlement, hiding assets overseas and perjury.
Prosecutors had demanded a 12-year jail term for Lee on charges that he offered or pledged 43.3 billion won ($38 million) to win the government's blessing for a merger between two Samsung subsidiaries under terms designed to increase his control over the entire Samsung empire.
Lee, who has been under pre-sentencing detention since February, has denied the charges.
Lee is expected to appeal the decision. ■
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