Samsung Group will discover the fate of its de facto leader on Thursday as South...
SEOUL - Samsung Group will discover the fate of its de facto leader on Thursday as South Korea’s Supreme Court rules whether to uphold the bribery conviction of Jay Y. Lee, in a scandal that unseated the president and trained public ire on corporate untouchables.
The Supreme Court is also set to rule on appeals court decisions in the case against former President Park Geun-hye, who was impeached following the scandal and is serving a 25-year prison sentence on charges including bribery.In late 2016, prosecutors arrested Park’s friend Choi Soon-sil on suspicion of exerting inappropriate influence over state affairs after Park allowed Choi to edit draft speeches.
Samsung heir Lee was arrested a month earlier, accused of seeking presidential favors in exchange for extending Choi financial support. Samsung and Lee denied wrongdoing.Lee was found guilty in August 2017 on charges including bribery and embezzlement and received a five-year jail term. He was released five months later after an appeals court halved and suspended the sentence.
Court documents showed Park asked Lee to help the daughter, and was convicted on grounds that the horses were bribes worth 3.7 billion won . However, the horses were not recognized as such in Lee’s trial, helping reduce his sentence.
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