Samsung heir Jay Y. Lee ordered back to prison for 2 and a half years over bribery charges



FILE PHOTO: Samsung Electronics Vice Chairman, Jay Y. Lee, arrives at Seoul high court in Seoul, South Korea, October 25, 2019.    REUTERS/Kim Hong-Ji
Samsung Electronics Vice Chairman, Jay Y. Lee, Is Located at Seoul High-profile in Seoul.

Jay Y. Lee, vice chairman and de facto chief of Samsung, has been sentenced to two and a half years in prison.
Lee was originally sent to jail in 2017 for five years, but his sentence was cut short and suspended at 2018.
He was accused of bribing a buddy of the previous South Korean president to win support for his series at Samsung.
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Samsung vice chairman and de facto chief Jay Y. Lee has been on Monday delivered back to jail for two and a half years past bribery charges.

Lee has been the de facto head of Samsung Electronics since his father, Samsung chairman Lee Kun-hee, was hospitalized following a heart attack from 2014. Lee Kun-hee expired in October This past Year.

Jay Y. Lee was initially sentenced to five years in jail in 2017 due to his role at a corruption scandal which brought down South Korea’s former president Park Geun-hye.

Lee, 52, was accused of offering horses and other bribes to some buddy of Park in the expectation of winning government support because of his series at Samsung. He was found guilty of embezzlement.

Park is serving a 20 year in prison sentence in relation to the situation as well as other charges.

Lee served only one year before being released in February 2018, after the Seoul High Court cut his five-year sentence in half and suspended . 

Monday’s judgment is a result of the country’s Supreme Court overturning the lower court decision to suspend the Lee’s sentence and ordering a retrial at 2019. Returning to jail could mean Lee is pushed off the Samsung plank and wouldn’t be considered in major conclusions at the business.

Samsung did not immediately respond to Insider’s petition for comment about potential direction at the organization.

Read more: One of Tesla’s crucial providers is making the best electric-car battery mobile available on the market today, beating those produced by Samsung and other rivals

Shares of Samsung Electronics dropped 3.4% Monday after Lee’s sentencing. 

“This case is, in essence, a violation of corporation’s rights to freedom and property by the former president abusing her power,” Injae Lee, the attorney leading the vice chairman’s defense team, told CNN. “I find the court’s decision regrettable.”

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