Samsung boss freed as sentence suspended in appeal trial

Samsung Heir Faces Verdict over Bribery in Appeals Trial

An appellate court is set to hand down its verdict Monday on Samsung Electronics Vice Chairman Lee Jae-yong, who was found guilty by a lower court of offering kickbacks to former President Park Geun-hye, and her friend, in a scandal that led to Park's ouster previous year.

Lee was given the five-year sentence for giving bribes of 8.8 billion won (US$8.1 million) to former president Park Geun-hye and her associate, Choi Soon-il.

The heir-apparent was sentenced to two-and-a-half years in prison with four years of probation at sentencing at the appeal trials that began in October. The decision ruled in the Seoul High Court raises many questions and concerns regarding political and corporation power. Lee has not responded to the verdict.[26] Months later, South Korean president Lee Myung-bak pardoned Lee so he could remain on the International Olympic Committee. Samsung accounts for a considerable part of the South Korean economy. "Lee was portrayed as a key criminal in the downfall of a president impeached for the corruption, but the fact that he gets such a mild sentence means his offense must have been minor, and this, in turn, casts doubt on the fairness of the whole impeachment process".

In August 2017, Lee was convicted of bribery and embezzlement charges linked to a political -corporate scandal, which also involved the country's then president Park Geun-hye.

"The ruling could help Samsung recover its confidence and gain direction", said Bae Sang-kun, a senior official at the federation.

Samsung group heir Jay Y Lee has sentence suspended following corruption scandal.

After surgery, Eagles fan frets: Did I miss the Super Bowl?
Haley Parks got her wisdom teeth out the other day, and her parents recorded her as she was coming out of her anesthesia fog. The Eagles contacted Haley's family via Facebook on Friday evening, said her father, Bob Parks.

Samsung chief Lee Jae-yong leaves the Seoul High Court on Monday.

Right after getting the suspended jail sentence, Lee smilingly got on a bus bound for the detention center, where he stayed for nearly a year. The court had also said that this isn't an example of a typical "cozy relationship between politics and business". With youth unemployment a serious social and political issue in Korea, this news may have been impactful.

Investors say Lee will face the daunting tasks of trying to find the right direction for growth and making big investment decisions, although Samsung Electronics, the world's biggest maker of semiconductors and smartphones, performed well with Lee behind bars for the past year.

Lee was seen bowing to court officials before leaving the court building with a smile on his face.

But the appeals court said Lee did not seek any help from Park. Another circus trial has concluded as most believed it would.

Related News:

Most liked

Malcolm Butler: Patriots 'gave up on me' in Super Bowl
I could have changed that game, though. "That's about it", Butler told ESPN's Mike Reiss . Browner doubled down in a subsequent post, saying "a locker room was divided pregame".

Indian shares edge lower for 2nd day ahead of budget
By 12:40, seconds after the Finance Minister uttered Long Term Capital Gains Tax in the Parliament, the enthusiasm was skittled. Both the indices ended 2.7 per cent down for the week, which is their biggest weekly percentage drop since August 2017.

LOS ANGELES Students say school shooting was an accident
In Los Angeles , students at middle and high schools are required to go through daily random searches for weapons. Officer Drake Madison of the Los Angeles Police Department said that two 15-year-old students had been shot.

Spice Girls Wannabe reunited: 90s girl group confirm they're 'exploring new opportunities'
The Spice Girls were a 1990s phenomenon, with hits including " Wannabe ". Meanwhile Brown praised the group for helping her become "who I am".

Nintendo Switch has Already Outsold Wii U
The biggest change for the Switch versions of the Bayonetta games is the frame rate, with both games running at 60 fps. Metroid Prime 4 is one game a lot of fans are looking forward to seeing more of, even if it is just a trailer.

N. Koreans to Arrive in S. Korea for PyeongChang Olympics
They can not wave the Russian flag at the event and, if they win, the Russian anthem will not be played. The ruling means that the athletes' results at the 2014 Olympics have also been reinstated.

Seriously Hurt After Ontario Crash Between Van And Bus
Simcoe County Paramedics confirmed to CP24 about a hour after the crash that eight people were transported to hospital. Highway 26 was closed in the area of the crash while OPP officers conducted their investigation.

5 injured in U.S. school shooting
The 12-year-old girl was booked on suspicion of negligent discharge of a firearm after the shooting at Sal Castro Middle School . The boy, who was shot in the temple, was in stable condition Thursday afternoon, and was expected to fully recover, said Dr.

Does Trump's nuclear plan increase the chance of conflict?
Low-yield nuclear weapons have a strength of less than 20 kilotons, about the same power as the atomic bomb dropped on Hiroshima. In the long term, the United States military will also develop a new nuclear-armed, sea-launched cruise missile.

US, Mexico play up increased security cooperation
Videgaray said both that and the wall were internal decisions for the USA government. Tillerson has adopted an optimistic approach, whatever Trump's rhetoric.

Surface Laptop price drops in USA with new Intel Core m3 model
The base model of Surface Book 2 earlier cost $1,499 (approximately Rs 96,200) and included 256GB of internal storage. The laptop runs Intel Core i7 processor, coupled with 16GB memory and 256GB/512GB/1TB storage.

Meghan Markle Deals With Awards Ceremony Snafu In Royally Endearing Way
But this changed last night at the Endeavour Fund Awards in the United Kingdom , where Markle gave her first-ever royal speech. It's no surprise Meghan handled the hard moment so well - after all, she's been in the spotlight for most of her adult life.

Kenya defies court docket order to revive TV transmissions
Others affected by the crack down are Mombasa Governor Hassan Joho, Mr Odinga and Mr Musyoka, whose security has been withdrawn. "We are also deeply concerned by the Government's action to shut down, intimidate, and restrict the media".

Janet Jackson Will Not Appear At The Super Bowl
I think I can hopefully offer him some advice on what to do and what not to do, so yeah, but right now we're working on our manners.

Microsoft Cloud Growth Takes Sting Out Of Tax Charge
Dynamics also saw strong growth, with products and cloud services up 10% (9% CC), and Dynamics 365 up 67% (68% CC). Microsoft said that gaming revenue was up 8 percent in the gaming industry's all-important holiday quarter.