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Breaking News - BREAKING NEWS - Economy

BREAKING NEWS - Economy

Samsung heir sentenced to five years in jail after corruption conviction  

Samsung Group heir Lee Jae-yong arrives at the Seoul Central District Court to hear the verdict in his bribery trial. A bribery and cronyism scandal that has already toppled a South Korean president has claimed a major business scalp after a court sentenced Lee Jae-yong, the acting chairman of Samsung, to five years in prison for crimes including offering bribes and perjury.

The billionaire, South Korea’s third-richest man and heir to the sprawling Samsung empire, had been accused of making large donations to foundations run by a close friend... Read more HERE.

Samsung Group heir Lee Jae-yong arrives at the Seoul Central District Court to hear the verdict in his bribery trial. A bribery and cronyism scandal that has already toppled a South Korean president has claimed a major business scalp after a court sentenced Lee Jae-yong, the acting chairman of Samsung, to five years in prison for crimes including offering bribes and perjury.

The billionaire, South Korea’s third-richest man and heir to the sprawling Samsung empire, had been accused of making large donations to foundations run by a close friend... Read more HERE.

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Published on 25/08/2017 @ 9:30 PM   | All Breaking News Topics | Top
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