Business World

Monday 19 March 2018

South Korea court jails Samsung scion for five years

Jay Y Lee apologised in court
Jay Y Lee apologised in court

A South Korean court jailed Samsung Electronics Vice Chairman Jay Y. Lee for five years on Friday.

The Seoul Central District Court was delivering its verdict on charges against Lee, 49, ranging from bribery to perjury in a scandal that led to the ouster in March of the then president, Park Geun-hye.

Lee, who denied wrongdoing, has been in detention since February.

A lawyer for Samsung Group leader Jay Y. Lee said on Friday the defence team could not accept a court ruling to jail Lee for five years for bribery and will appeal against the decision.

"We are confident the ruling will be overturned," lawyer Song Wu-cheol told reporters after the ruling by the Seoul Central District Court.


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