Asia, Buzz

Samsung heir handed 5-year jail sentence for bribery


Samsung vice chairman and the company’s heir apparent Jay Y. Lee is headed to jail after a court in Korean ruled that he is guilty of bribery, embezzlement, capital flight and perjury charges.

Lee, who has been earmarked as the future leader of the company, was handed a five-year jail sentence, although he is expected to appeal the decision.

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