Samsung Chief Jailed Over Corruption Scandal

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Lee Jae-yong (C), vice chairman of Samsung Electronics, arrives at a court for a trial in his bribery scandal involving former South Korean president Park Geun-hye in Seoul on January 18, 2021.

The de facto chief of South Korea’s Samsung business empire was jailed for two and a half years on Monday over a sprawling corruption scandal, Yonhap news agency reported, in a ruling that deprives the tech giant of its top decision-maker.

Lee Jae-yong, the vice-chairman of Samsung Electronics, the world’s biggest smartphone and memory chip maker, was found guilty of bribery and embezzlement and was immediately taken into custody, Yonhap said.

Punch

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