logo
  

Samsung's Lee Jae Yong Sentenced To Prison In Bribery Scandal

Lee Jae Yong, Vice Chairman of Samsung Electronics, has been sentenced to 2.5 years of imprisonment by a Court in South Korea. The judgment was issued in a bribery case which was a retrial of a prior case involving former President Park Geun-hye.

In 2017, Lee Jae Yong was jailed as he was found guilty in the bribery scandal. After one year, he was released as the tenure of his punishment was suspended. The Supreme Court in South Korea ordered a new trial in the case in 2019.

Lee Jae Yong is the de facto head of Samsung Electronics. His father Lee Kun-hee was the Chairman of Samsung Group. Lee Kun-hee passed away in October, 2020.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Shares of Apple Inc. (AAPL) jumped nearly 5% in extended trading session on Thursday after the California-based tech giant reported first-quarter results, with both earnings and revenues trumping Wall Street's expectations, driven by strong demand for its latest iPhone 13 and other services. Apple... The U.S. Food and Drug Administration has revised the authorizations for two monoclonal antibody treatments - bamlanivimab and etesevimab (administered together) and REGEN-COV (casirivimab and imdevimab) - to limit their use to only when the patient is likely to have been infected with or exposed to a variant that is susceptible to these treatments. Comcast Corp. (CMCSA, CMCSK) on Thursday reported that net income attributable to Comcast for the quarter decreased 9.6 percent to $3.06 billion or $0.66 per share from $3.38 billion or $0.73 per share in the year-ago quarter. Excluding items, adjusted earnings for the quarter were $0.77, compared to...
Follow RTT