logo
Plus   Neg
Share
Email

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
Polaris Industries Inc. recalled about 15,800 units of Off-Road and Utility Vehicles in North America for possible crash hazard, according to a statement issued by the U.S. Consumer Product Safety Commission. There were also an additional 711 units sold in Canada. AstraZeneca's efforts to supply Covid-19 vaccine doses from its Italian unit to Australia has been blocked by the European Union and the Italian Government, citing Australia being non-vulnerable region and delays in domestic supply, among others. Italy's proposal to deny AstraZeneca's request for authorization to export COVID-19 vaccines was subsequently approved by the European Commission. Chipotle Mexican Grill, Inc. is teaming with e.l.f. Cosmetics to launch a limited edition beauty collection on March 10, aiming to support plant-based lifestyles and responsibly-sourced products. The e.l.f. x Chipotle makeup collection will comprise cruelty-free and vegan products inspired by Chipotle's responsibly-raised food.
Follow RTT