Corruption guilty Samsung heir sentenced to 5 years in jail

Samsung heir guilty of bribery jailed for 5 yrs

Samsung heir guilty of bribery jailed for 5 yrs

Lee - who denied all charges - was convicted regarding his role in a bribery scandal involving Park Geun-hye, the former president of South Korea.

A South Korean court has sentenced Lee Jae-yong, the heir to the Samsung conglomerate, to five years in prison over corruption charges.

Supporters of the ousted president staged a rally outside the court on Friday to demand Lee's release, facing off against another group of protesters who instead demanded punishment for the Samsung boss.

Not long after the court issued its sentence, representatives from Bae, Kim and Lee, the firm serving as Lee's defense team, said it would immediately appeal the decision.

Outside the Seoul Central District Court on Friday, hundreds of supporters of Lee and Park, mostly elderly, waved South Korean flags and shouted "Innocent!" Among other top executives, Vice Chairman Choi Gee-Sung and President Chang Choong Ki also stepped down from their positions.

Samsung's acting chief Lee Jae-yong, the man directing Samsung in the absence of his ill father Lee Kun-hee, has been found guilty of bribery, perjury, embezzlement, and other charges, in the conclusion of a six-month trial.

The 49-year-old has denied all wrongdoing, and his lawyer has said that they will appeal against the decision. However, judges felt that Lee must have been aware of such an unusual arrangement because he knew Park wanted Samsung to sponsor the equestrian training. The court however delivered a milder sentence of five years instead of the maximum 12 because the "accused have made the favors and bribes after they were pressed by the president (to make the donations)".

Lee, princeling of South Korea's richest family and its biggest company, is said to have offered US$38 million in bribes to four entities controlled by Choi.

Park also has a trial under way, while Choi was sentenced to three years in prison in June. "The entire guilty verdict is unacceptable", he said.

Park and Choi also have trials underway.

There had been pressure on the court to convict Lee, amid public anger in the face of the corruption scandal, which people believe symbolises an unfair and unjust society that only benefits the most powerful in the country.

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