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 Korean. Samsung 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.
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.