• About Us
    • Fact Checking Policy
    • Ownership & funding information
    • Volunteer
  • Subscribe
  • Letter submission
    • Submissions Policy
  • Contact Us
The Online Citizen Asia
  • Opinion
    • Editorial
    • Commentaries
    • Letters
    • Comments
  • Current Affairs
    • Singapore
    • Malaysia
    • Indonesia
    • China
    • ASEAN
    • Asia
    • International
  • Finance
    • Economics
    • Labour
    • Property
    • Business
  • Community
    • Arts & Culture
    • Consumer Watch
    • NGO
    • Lifestyle
    • Travel
  • Politics
    • Civil Society
    • Parliament
    • Transport
    • Education
    • Environment
    • Health
    • Housing
  • Law & Order
    • Legislation
    • Court Cases
No Result
View All Result
  • Opinion
    • Editorial
    • Commentaries
    • Letters
    • Comments
  • Current Affairs
    • Singapore
    • Malaysia
    • Indonesia
    • China
    • ASEAN
    • Asia
    • International
  • Finance
    • Economics
    • Labour
    • Property
    • Business
  • Community
    • Arts & Culture
    • Consumer Watch
    • NGO
    • Lifestyle
    • Travel
  • Politics
    • Civil Society
    • Parliament
    • Transport
    • Education
    • Environment
    • Health
    • Housing
  • Law & Order
    • Legislation
    • Court Cases
No Result
View All Result
The Online Citizen Asia
No Result
View All Result

Samsung chief will not appeal 2.5-year jail term: lawyer

by The Online Citizen
25/01/2021
in Business, Court Cases, Politics
Reading Time: 2 mins read
1
Samsung chief jailed for 2.5 years over corruption scandal

Source: Lee Jae-yong page.

The de facto chief of South Korea’s Samsung business empire will “humbly accept” the court ruling that sentenced him to 2.5 years in prison for corruption and will not appeal, his lawyer said Monday.

Lee Jae-yong, vice-chairman of Samsung Electronics, the world’s biggest smartphone and memory chip maker, was found guilty of bribery and embezzlement in connection with the scandal that brought down former president Park Geun-hye.

The Seoul Central District Court jailed him in a retrial last week, the latest step in a long-running legal process that has hung over Samsung for years.

But the decision not to appeal could mean that Samsung is looking to draw a line under the issue: with time already served, Lee will be eligible for parole as soon as September — as long as prosecutors do not successfully appeal for a longer sentence.

“Vice-chairman Lee will humbly accept the ruling and has decided not to appeal,” his lawyer Lee In-jae said in a statement.

The 52-year-old was first jailed for five years in 2017, after Park’s ouster.

He walked free the following year when an appeals court dismissed most of his bribery convictions and gave him a suspended sentence, but the Supreme Court later ordered Lee to face a retrial.

Given Lee has served around a year in prison he is due for release in July 2022, even without parole, a presidential pardon or a commutation.

Samsung is by far the biggest of the family-controlled conglomerates, or chaebols, that dominate business in the world’s 12th-largest economy.

Its overall turnover is equivalent to a fifth of the national gross domestic product and it is crucial to South Korea’s economic health.

Experts have warned a prolonged leadership vacuum could hamper its decision-making on future large-scale investments of the kind that have been key to its rise.

– AFP

For just US$7.50 a month, sign up as a subscriber on The Online Citizen Asia (and enjoy ads-free experience on our site) to support our mission to transform TOC into an alternative mainstream press.
Source: AFP
Tags: AFP

Related Posts

Chinese property giant Evergrande under ‘tremendous pressure’
China

Chinese property giant Evergrande under ‘tremendous pressure’

14/09/2021
Australia’s capital Canberra to enter virus lockdown
Health

Virus lockdown extended for Australia’s capital

14/09/2021
Messenger RNA COVID vaccines 66% effective against Delta: US study
Health

UK to vaccinate over 12s against COVID

14/09/2021
Politics

Facebook shields VIPs from some of its rules: report

14/09/2021
Malaysian PM, opposition in deal to boost stability
Malaysia

Malaysian PM, opposition in deal to boost stability

14/09/2021
China pledges 300,000 vaccine doses for UN peacekeepers
Health

No need for a vaccine third jab booster: study

13/09/2021
Subscribe
Connect withD
Login
I allow to create an account
When you login first time using a Social Login button, we collect your account public profile information shared by Social Login provider, based on your privacy settings. We also get your email address to automatically create an account for you in our website. Once your account is created, you'll be logged-in to this account.
DisagreeAgree
Notify of
Connect withD
I allow to create an account
When you login first time using a Social Login button, we collect your account public profile information shared by Social Login provider, based on your privacy settings. We also get your email address to automatically create an account for you in our website. Once your account is created, you'll be logged-in to this account.
DisagreeAgree
1 Comment
Newest
Oldest Most Voted
Inline Feedbacks
View all comments

Latest posts

Malaysian court sentences man to 1,050 years’ jail, 24 strokes of the cane, for raping stepdaughter 105 times

Thai court jails activist for 28 years jail for royal defamation

26/01/2023
Earning only S$400 a month, delivery-rider turned hawker threw in the towel after two years of running a rojak stall

Earning only S$400 a month, delivery-rider turned hawker threw in the towel after two years of running a rojak stall

26/01/2023
KKH’s lack of continuous monitoring baby’s vital signs “was not ideal”, said State Coroner

KKH’s lack of continuous monitoring baby’s vital signs “was not ideal”, said State Coroner

26/01/2023
Dozens of COVID protesters still behind bars in China: HRW

Dozens of COVID protesters still behind bars in China: HRW

26/01/2023
8 dead, including 6 Chinese nationals, after ship sinks near Japan

8 dead, including 6 Chinese nationals, after ship sinks near Japan

26/01/2023
“党籍不会过期失效”  前进党称已就党籍终止知会卡拉

Nurse disabled permanently after vaccine injury and sacked by SGH; Did the hospital advise her to apply for VIFAP?

26/01/2023
Man and 2-year-old daughter fell into hole in bridge at Sungei Buloh Wetland Reserve, “seconds away from drowning”

Man and 2-year-old daughter fell into hole in bridge at Sungei Buloh Wetland Reserve, “seconds away from drowning”

26/01/2023
Ruling on Trump ban marks defining moment for Facebook panel

Meta says Trump to be allowed back on Facebook, Instagram

26/01/2023

Trending posts

Ho Ching breaks silence over Temasek’s write down of its US$275 million investment in FTX, says it “can afford to be contrarian”

US regulator questions VCs’ due diligence work prior to investing in FTX; Ho Ching says Temasek can afford to be contrarian

by The Online Citizen
24/01/2023
27

...

Two Indian nationals paid about S$330 and S$730 respectively for forged certificates submitted in their S-Pass application

MOM found issuing EPs meant for foreign PMETs to PRC waitress and general worker

by Correspondent
26/01/2023
26

...

Samsung chief jailed for 2.5 years over corruption scandal

Samsung chief will not appeal 2.5-year jail term: lawyer

by The Online Citizen
25/01/2021
1

...

“党籍不会过期失效”  前进党称已就党籍终止知会卡拉

AGC asked to explain purposes of 68 private letters of inmates illegitimately forwarded to prosecutors

by The Online Citizen
21/01/2023
16

...

Indian rupee falls 60% since signing of CECA while Singapore becomes top investor in India

by Correspondent
25/01/2023
34

...

“党籍不会过期失效”  前进党称已就党籍终止知会卡拉

Has HDB flats become “more affordable” by “selling” at a shorter lease of 50-years?

by Leong Szehian
25/01/2023
18

...

January 2021
M T W T F S S
 123
45678910
11121314151617
18192021222324
25262728293031
« Dec   Feb »
  • About Us
  • Subscribe
  • Letter submission
  • Contact Us

© 2006 - 2021 The Online Citizen

No Result
View All Result
  • Opinion
    • Editorial
    • Commentaries
    • Comments
  • Current Affairs
    • Malaysia
    • Indonesia
    • China
    • ASEAN
    • Asia
    • International
  • Finance
    • Economics
    • Labour
    • Property
    • Business
  • Community
    • Civil Society
    • Arts & Culture
    • Consumer Watch
    • NGO
  • Politics
    • Parliament
    • Transport
    • Education
    • Environment
    • Health
    • Housing
  • Law & Order
    • Legislation
    • Court Cases
  • Lifestyle
    • Travel
  • Subscribers login

© 2006 - 2021 The Online Citizen

wpDiscuz