Samsung Chief Jailed For Five Years For Bribery and Perjury (koreaherald.com)

A South Korean court on Friday sentenced Samsung Electronics Vice Chairman Jay Y. Lee to five years in jail on charges connected to the corruption scandal that led to former President Park Geun-hye's ouster. The Korea Herald reports: The Seoul Central District Court convicted Samsung's de facto heir of bribing former President Park Geun-hye and her close friend Choi Soon-sil in return for the government's help in tightening his control over Samsung Group, saying he was in position to benefit most from the bribery scheme. Lee, who has been detained since February, was found guilty of all five charges -- bribery, embezzlement, concealment of criminal proceeds, illegal transfer of assets overseas and perjury. The court said Lee and Samsung executives offered large bribes to the president, who held "immense power and the ultimate authority," and embezzled company funds, hid assets overseas and concealed profits from criminal acts in the process, all expecting a favor in the form of Samsung Group's smooth leadership transition. Lee is the first member of Samsung Group's ownership family to be sentenced to jail. He is set to appeal the decision. "The essence of the case is collusive ties between political power and capital power," presiding Judge Kim Jin-dong said. "As Samsung executives, they had a great deal of negative impact on society and the economy."

Comments

The difference between "us" and "them"

[Snotnose]

Look at the story of the VW engineer getting 2 years in prison, yet no word on the penalty his upper management will pay.

I really get the VW dude.

boss: "do this".
worker bee: "um, isn't that illegal?".
Boss: "let legal handle that".
worker bee: "um, I dunno".
Boss: wanna get fired?
worker bee: "yessir, be done by friday

Re:The difference between "us" and "them"

[slew]

I really get the VW dude.

I don't think you do...

Check out my my comment on that story...

Besides, getting convicted and serving jail time seems to be a Samsung leadership right of passage...

His father, Samsung chairman Lee Kun-hee, was twice sentenced to prison -- and twice pardoned.
Serving jail time "is like a rite of passage," David Kang, director of the University of Southern California's Korean Studies Institute, said in an interview before the verdict was announced. "The question will really be how long does he serve."

Re:I love Samsung's devices!

[Anonymous Coward]

No. Samsung is a monster. They build fighter jets as an afterthought. The very definition of "too big to fail"; 17% of S. Korea's GDP.

How does the U.S. Benefit from S. Korea?

[boudie2]

The U.S. should walk away from S. Korea and let them fend for themselves. It's not worth starting WW III over a corrupt little country like that. The time to stomp on N. Korea has long passed. And both Russia and China have shown they won't stand for a U.S. preemptive strike. So now that the entire world is laughing at your leader and you're on the verge of a full on race war the time for changes has come. Stick to chasing your own ass in Afghanistan.

Re: How does the U.S. Benefit from S. Korea?

[Anonymous Coward]

It's crazy that there are people who think what you wrote is true.

Re: How does the U.S. Benefit from S. Korea?

[MachineShedFred]

You heard it here first! It's Harry Truman's fault that a Samsung executive has yet again been convicted of bribery, embezzlement.

Thanks, Truman! You long dead asshole!

Re:Probably none.

[WindBourne]

hillary has been investigated over and over and over and over and ....
Yet, they have NOTHING. It is getting tiring that the far right continue to scream about her, even though it is trump that is in office for the last 8 months.
However, unlike Hillary, the intelligence world REFUSES to have anything to do with trump, pence, and most of his admin, esp when it comes to Russian intel.
Basically, that should send a very strong signal to all that trump, pence, and a number in his admin, are traitors.
Heck, trump and the other traitors deserve to swing or take 2 between the eyes, though I would be happy if they are given life at Leavenworth.
Preferably without a means of getting out. Ford pardoned Nixon, Poppa Bush pardoned reagan, et. al, Obama let manning out early. All of these were justice denied.