Samsung Electronics vice chairman Jay Y. Lee is again in jail following a retrial of his 2017 conviction in a bribery case that helped result in the downfall of former South Korean president Park Guen-hye. The Seoul Excessive Court docket sentenced Lee to 30 months on Monday.
Lee was initially convicted of bribery in 2017 and sentenced to 5 years, however was launched in 2018 after the sentence was decreased and suspended on enchantment. In August 2019, nonetheless, South Korea’s Supreme Court docket overturned the appeals courtroom, ruling that it was too lenient, and ordered the case to be retried.
Lee was anticipated to grow to be chairman of Samsung after the demise of his father, Lee Kun-hee, in October 2020. He has served because the chaebol’s de facto chief since his father suffered a stroke in 2014. With Lee’s sentencing at this time, it’s unclear who will take over his obligations at Samsung.
Prices towards Lee included bribing Park to realize help for offers that may have helped Lee inherit management of Samsung from his father. The unlawful funds performed a serious function within the corruption scandal that led to Park’s impeachment, arrest and 25-year jail sentence.
The bribery case is separate from one other one Lee is concerned in, over alleged accounting fraud and inventory manipulation. Hearings in that case begun in October.
TechCrunch has contacted Samsung for remark.