Samsung's Heir-Apparent Has Been Released From Prison by an Appeals Court

Samsung heir freed after jail term is cut for bribing ex-president

Samsung Electronics Vice Chairman Lee Jae-yong was freed on February 5 as a Seoul appellate court cleared him of some charges and handed down a suspended sentence.

The South Korean news agency Yonhap reported that Lee's sentence had been reduced to 2-1/2 years on Monday, with the sentence suspended for four years, and he was freed from jail after spending almost a year behind bars. Independent Counsel Park Young-soo, who investigated a corruption scandal involving impeached President Park Geun-hye and her longtime friend Choi Soon-sil, sought 12 years in jail for the Samsung heir.

Lee, whose father is Samsung's chairman, was previously sentenced to five years after being found guilty of bribery, embezzlement, capital flight and perjury charges. Samsung lawyers will reportedly take Lee Jae-yong's case to the Supreme Court to clear his name while prosecutors may also appeal. Former president Park, who denies wrongdoing, is standing trial accused of bribery, abuse of power and coercion. He will be on probation for four years, the court said. "I will look at all things more carefully from now on". Lee's father and the chairman of Samsung Group, Lee Kun-hee, was convicted of bribery in 1996 and of tax evasion and breach of trust in 2009; in both cases, he was never arrested or served jail time.

"All citizens hoped that the ruling would help sever collusive ties between politics and business, and herald the start of a new Republic of Korea", Park Wan-joo, the party's spokesman, told reporters.

"Lee's biggest goal for now is to show what is the next step that Samsung Group will take, while continuing its shareholder-friendly actions", he added. Prosecutors also were expected to appeal the court's ruling, making it nearly certain the case will go to the Supreme Court.

Meanwhile, the Chosun-ilbo ran a series titled "One year of Lee Jae-yong in prison", listing purported side-effects of the vice-chairman's detention such as subsidiaries cut adrift and lacking leadership, and an overall deterioration in discipline across the conglomerate.

The judge said he concluded that Park "browbeat" Samsung's executives into giving bribes, while Lee couldn't resist the request from the president and her confidante.

While Korea's powerful business heads customarily escape scandals with light or no punishment, the country's ex-presidents have, since democratization in 1987, all faced sticky entanglements after leaving office.

Related News:

Most liked

Bill Belichick Finally Rolled Snake Eyes Benching Malcolm Butler
The illness prompted him to arrive in Minnesota for the game a day after his teammates, and he missed media night on Monday. One of the biggest stories from Sunday's Super Bowl was about a player that wasn't even on the field for the game.

Call Of Duty Black Ops 4 Must Replicate WW2 Streaks!
The Nintendo Switch version of this title is said to have support for DLC and unique features like HD Rumble and motion controls. Black Ops 3 was the first in that sub-series to shoot into the future, but the series began as a boots-on-the-ground ordeal.

Italy Services Growth Strongest Since July 2007
A new business sub-index that tracks overall demand jumped to 51.7 from 50.0 in December, the first sign of growth in three months.

Matsuyama withdraws from Phoenix Open
If you think this number will reach double figures this week then you can back another one at 11/10. Fowler tied for fourth past year and was runner-up to Hideki Matsuyama in 2016.

EPL: Aubameyang, Mkhitaryan speak on experiences in Arsena
He's proving out to be a hugely inconsistent player but Shkodran Mustafi was exceptional after his woeful performance in midweek. The Nigerian was tidy in possession and covered the space well for the rest of his teammates.

Israeli troops detain suspects in West Bank in hunt for killers
The anti-settlement group Peace Now called the effort to legalise the outpost a "cynical exploitation of the murder". Past attempts by Israeli authorities to dismantle Havat Gilad have led to clashes with settlers there.

Pentagon Chief: No Evidence of Recent Sarin Gas Use by Syria
It was followed by missile strikes by U.S. military on a Syrian air base. He stressed that the USA did not have evidence of sarin gas use.

US Missile Intercept Test Failed: What Went Wrong?
If confirmed, the test would be the second unsuccessful trial for the Raytheon-made missile in the past year. It was unclear why the test failed and an analysis was underway, the official said.

Victim's father attempts to attack disgraced doctor Larry Nassar
Randall Margraves returned to Judge Janice Cunningham's courtroom hours after the incident after spending time in a holding cell. Nassar is facing his third and final sentencing hearing, where he has pleaded guilty to molesting three girls.

Russian Su-25 jet downed in Syria, pilot killed - Defense Ministry
The Idlib Media Center, an anti-government activist group, posted images that purportedly show the plane's wreckage. About 45 Russian military personnel have been confirmed dead in Syria, along with an unknown number of contractors.

Harry Kane issues war cry ahead of Liverpool meeting
Harry Kane has had a hand in six goals in six Premier League appearances against Liverpool , with four goals and two assists. Erik Lamela, who has suffered from major injury problems over the past year, is Spurs' best wide man in terms of pressing.

Essential Phone to Get Upgrade to Android Oreo 8.1, Not 8.0
Essential phones were supposed to get Android Oreo previous year , but that date came and went without Oreo coming to Essential . Essential released a statement saying that there were stability issues when the company was going through the beta program.

Pistons' Andre Drummond Throws Shade At Celtics' Jaylen Brown over ASG Selection
Simmons is averaging 16.6 points, 7.9 rebounds and 7.3 assists this season, making a srtrong case for Rookie of the Year honours. Andre Drummond held out Ben Simmons to be named as John Wall's replacement for the All-Star game in Los Angeles game next month.

Taking Tally Of McDonald's Corporation (MCD), Sogou Inc. (SOGO)
The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website . ILLEGAL ACTIVITY WARNING: " McDonald's Co . ( MCD )" was originally posted by Week Herald and is the property of of Week Herald.

Record Audiences Get Set to Make the 2017 Grand National the Biggest To Date
For some , it will be a case of asking which horses have been at their most impressive this season that will give them the clues as to which Grand National horses to bet on .