Metro
Samsung boss, Lee Jae-yong, to regain freedom after 18 months in jail
Samsung vice-chairman, Lee Jae-yong, has been granted parole and would be released from jail on Friday after serving 18 months out of a 30-month sentence.
Jae-Yong was jailed for bribing former South Korean President, Park Geun-hye.
The billionaire business magnate was involved in a corruption scandal that ended the government of former President Park and saw her receiving a 20-year prison sentence and an 18 billion fine in 2016.
According to the Guardian, Lee had attempted to persuade the President to ease his succession as Head of the Samsung empire from his father, Lee Kun-hee, who was hospitalized and later died of a heart attack in 2014.
It was ruled by the court that Jae-yong, “actively provided bribes and implicitly asked the president to use her power to help his smooth succession.”
Before serving the 18 months, he had initially served one of a five-year sentence from August 2017, which was eventually suspended.
That court decision was then overturned and while the sentence was shortened, he was sent back to jail in January this year.
The 53-year-old still needs the Minister of Justice to approve this return to work due to the law which prevents people with certain convictions from working for companies related to those convictions for five years.
-
News18 hours ago
Osun First Bank manager steals N650m belonging to 35 customers
-
Sports15 hours ago
RUMOUR: Man United eye Kieran McKenna as potential Ten Hag replacement
-
News18 hours ago
JAMB releases additional 36,450 results earlier withheld
-
Metro17 hours ago
EFCC arrests 13 fake BDC operators in Lagos
-
News18 hours ago
NCC accuses MTN MD of evading court service
-
News12 hours ago
Emefiele gets N300m bail over unlawful new naira note printing
-
Crime15 hours ago
US-based Nigerian doctor killed by drunk driver
-
News14 hours ago
King Charles’ portrait draws comparisons to “pits of hell” and “satan”