The appellate court today ruled in favor and clearing Samsung Electronics’ Chairman JY Lee of any financial wrongdoings. The Seoul high court stood by the lower court’s verdict from last February and found Lee not guilty of any accounting fraud or stock manipulation during the 2015 merger of two Samsung affiliates, Cheil Industries and Samsung […]
JY Lee
Samsung’s JY Lee won’t contest the prison verdict
Big news to come out of South Korea last week was Samsung’s Jae-yong Lee (JY Lee) receiving a 30-month prison sentence from an appeals court. Considering Lee as the de facto leader of the Samsung Group and after his father’s recent passing, it was expected that he would file an appeal with the Supreme Court […]
Samsung heir freed from prison after successful appeal
In an interesting turn of events, South Korean court today suspended jail term of Samsung Group’s heir and Samsung Electronics vice chairman, JY Lee (Lee Jae-yong). Lee had appealed the sentence, after which the court decided to reduce the sentence to 2.5 years and probation of four years. Lee’s arrest last year had major ramifications […]
Samsung’s JY Lee will be indicted for bribery
Samsung’s JY Lee (Lee Jae-yong) will soon be indicted, according to the news report emerging from South Korea. The de-facto head will be charged for bribery that involves South Korea’s impeached President GH Park. Earlier this month, JY Lee was arrested after the prosecutors suspected him of giving or promising the president’s friend a bribe […]
Samsung Electronics Vice Chairman arrested for corruption
The Seoul Central District Court has issued a warrant against Samsung Electronics vice chairman, Lee-Jae Yong aka JY Lee in connection with the corruption probe involving South Korean President and her friend. The same court turned down the arrest warrant request last month but granted it this time as prosecutors levelled more charges on Lee […]