Samsung heir sentenced to five years in jail

Lee Jae-yong, the chairman of Samsung, has just been sentenced to five years in prison for crimes. The billionaire, South Korea’s third-richest man and heir to the Samsung empire, had been accused of making large donations to foundations in return for political favors from the president.

Lee’s lawyers said they do not agree with the verdict. Lee’s case could end up being decided by the country’s supreme court next year. Four other top Samsung executives were also convicted and received sentences of up to four years.

Despite claims by his legal team that Lee had little involvement in the day-to-day management of Samsung, the court ruled that he had approved the donations.

Lee, the heir to South Korea’s richest family and its biggest company, had been accused of offering $38m (£30m) in bribes to four groups controlled by a friend of the recently impeachedpresident.

Investors are concerned about harm to Samsung’s ability to make key strategic decisions. Samsung employees at the firm were surprised and concerned for its future.

heir (n.) one who receives property from an ancestor

impeach (v.) to charge with a crime or misdemeanor; specifically :to charge (a public official) before a competent tribunal with misconduct in office

verdict (n.) a decision on an issue related to a crime

導讀人 : Cassie Hwang
畢業自聖路易斯華盛頓大學 (Washington University in St. Louis),主修商業管理學、市場行銷。並曾於聖地牙哥教導如何預防商業詐騙的講座,對於美國商業文化較為了解。



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