Samsung VC Lee Jae-yong Facing 5-year Jail Sentence for Corruption


The head of Samsung Group, Lee Jae-yong has been caught on the basis of corruption charges in March, 2017 that he offered bribe to former Korean President Park Geun-hye to help him while acquiring a tech company in KoreanSamsung VC Lee Jae-yong Facing 5-year Jail Sentence for Corruption.

Samsung VC Lee Jae-yong Facing 5-year Jail Sentence for Corruption

Lee Jae-yong has been found guilty of bribery, perjury, embezzlement, and other charges, in the conclusion of a six-month trial.

Also Read: Samsung VC Jay Y Lee Fights Back Tears as Korean Prosecutors Seek 12 Years Jail

He is also accused of the charges that he wrongfully transferred some valuable assets to the overseas while hiding the proceeds of a crime.

“I have never asked anyone, including the president, for anything for the company or my personal gain. I deeply regret that I have given such disappointment and apologize.””

Said Lee in a final statement

Lee was also found guilty of concealing criminal profits and hiding assets overseas; his lawyers said today that they reject the verdict and will appeal immediately.

Also Check: Samsung Chief Lee Denies All Charges Against Him as “Trial of the Century”

Onsa Mustafa

Onsa is a Software Engineer and a tech blogger focuses on providing the latest information regarding the innovations happening in the IT world. She likes reading, photography, travelling and exploring nature.
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