Published On: Thu, Dec 31st, 2020

Samsung clamp authority Jay Y. Lee faces nine-year judgment in temptation case

Samsung Electronics clamp authority Jay Y. Lee faces a nine-year jail tenure in a temptation box that contributed to a rain of former boss Park Guen-hye. Prosecutors argued that a length of a judgment is fitting since of Samsung’s energy as a largest chaebol, or family-owned conglomerate, in South Korea.

“Samsung is a organisation with such strenuous energy that it is pronounced Korean companies are divided into Samsung and non-Samsung,” they pronounced during a final conference on Wednesday, reports a Korea Herald. The final statute is scheduled for Jan 18.

The temptation box is apart from another hearing Lee is concerned in, over purported accounting rascal and stock-price manipulation. Hearings in that box began in October.

Hearings start in Samsung clamp authority Jay Y. Lee’s accounting rascal trial

The temptation box dates behind to 2017, when Lee was convicted of bribing Park and her tighten associate Choi Soon-sil and condemned to 5 years in prison. Prosecutors lay a bribes were meant to secure supervision subsidy for Lee’s try to get control of Samsung from his father Lee Kun-hee, afterwards a chairman. The bootleg payments were a vital partial of a crime liaison that led to Park’s impeachment, detain and 25-year jail sentence.

Lee was liberated in 2018 after a judgment was reduced and dangling on appeal, and returned to work as Samsung’s de facto head, a position he took after his father had a heart conflict in 2014.

In Aug 2019, however, a Supreme Court overturned a appeals court, statute that it was too lenient, and systematic that a box be retried in Seoul High Court.

The elder Lee, who was reportedly South Korea’s wealthiest citizen, died in October. He was value an estimated $20.7 billion and underneath a country’s taxation system, and his heirs could be probable for estate taxes of about $10 billion, reported Fortune.

TechCrunch has contacted Samsung for comment.

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