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Samsung scion Lee won't appeal prison sentence for bribery

Added 01-25-21 12:22:02am EST - “Samsung scion Lee Jae-yong will not appeal a court ruling that sentenced him to two and a half years in prison for bribing South Korea's then-president for business favors.” - Washingtontimes.com

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Posted By TheNewsCommenter: From Washingtontimes.com: “Samsung scion Lee won’t appeal prison sentence for bribery”. Below is an excerpt from the article.

SEOUL, South Korea (AP) - Samsung scion Lee Jae-yong will not appeal a court ruling that sentenced him to two and a half years in prison for bribing South Korea‘s then-president for business favors.

Lee’s lawyers informed reporters of the decision on Monday as prosecutors faced a deadline for filing an appeal to the Supreme Court, which would extend the legal saga over South Korea’s largest business group. They had sought a 9-year prison term for Lee, whose case highlighted often-corrupt ties between the country’s family-owned conglomerates and politicians.

The bribery allegation involving Lee was a key crime in the 2016 corruption scandal that ousted Park Geun-hye from the presidency and sent her to prison.

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In a much-anticipated retrial of Lee last week, the Seoul High Court found him guilty of bribing Park and one of her close confidantes to win government support for a 2015 merger between two Samsung affiliates. The deal helped strengthen Lee’s control over Samsung’s corporate empire.

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