Samsung leader Jay Y. Lee given five-year jail sentence for bribery
Samsung Heir Gets 5 Years for Scandal That Toppled a President Jay Y. Lee guilty of bribery, embezzlement, court says Samsung shares trading near record amid robust sales, profit Jay Y. Lee is set to spend the next five years in prison, one of the harshest sentences handed to a South Korean chaebol executive, after a court convicted him of bribing his way to greater control of the Samsung empire his family founded. The trial, part of a bigger corruption scandal that brought down South Korea’s president, transfixed the nation as it shone a spotlight on the close ties between chaebol business groups and the political elite. Prosecutors had sought 12 years in prison for the 49-year-old billionaire, whose lawyer said he would appeal. Any sentence of more than 3 years can’t be suspended. The judgment reflects a greater willingness by South Korea to break the ties between the wealthy and those in power. In the past, a long list of business lead...