Samsung Heir Sent Back to Prison for 30 Months in Bribery Scandal

Samsung’s heir Jay Y. Lee has been sentenced to 30 months i.e. two years and six months in prison against bribery charges. This bribery case is a re-examination of an older case in which South Korea’s former President Park Geun-hye, and was also jailed for the same bribery and corruption.

Samsung Heir jail
Credits: Bloomberg

The Heir was previously jailed back in 2017. But he was out within a year he walked out as his original tenure was reduced after an appeal. In August 2019, the Supreme Court of South Korea ordered a new trial for this case and now he is sentenced to jail again. This announcement is a major setback for the world’s largest electronics major as now he will not be able to make decisions for the company.  This news has dropped Samsung Electronics’ shares by 4%.

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