August 25, 2017 1:19 PM

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Samsung's head de facto Lee Jae-yong sentenced to 5 years in prison for corruption

Samsung's de facto head has been convicted of embezzlement, bribery and perjury. A South Korean court today sentenced Lee Jae-yong to 5 years in prison.<br/><br/> Lee's 6-month trial was linked to a scandal involving former South Korean President Park Geun-hye. Prosecutors alleged that Lee paid tens of millions of dollars to Park and a longtime friend of hers in an attempt to cement control of the world's leading smartphone and chip maker.<br/><br/> Public outrage over the scandal led to mass protests and Park's ousting and arrest.

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