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.
Lee, vice chairman of Samsung Electronics, was sentenced in 2017 to five years imprisonment for bribing a friend of former President Park Geun-hye as he sought to succeed his father and secure control of Samsung Group. Lee was the latest in a series of conglomerate bosses to be convicted of corruption but receive a lenient sentence, drawing public calls for reform of big businesses often criticized for overly close relationships with political leaders.
The government is led by President Moon Jae-in, a liberal former human rights lawyer elected on an anti-corruption platform after Park’s impeachment and weeks of protests.The case centers on whether three horses donated by Samsung Group for the training of Choi’s daughter, a competitive equestrian, should be considered bribes aimed at winning Park’s favor.
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