Samsung Chief Jailed For Five Years For Bribery and Perjury (koreaherald.com) 32
A South Korean court on Friday sentenced Samsung Electronics Vice Chairman Jay Y. Lee to five years in jail on charges connected to the corruption scandal that led to former President Park Geun-hye's ouster. The Korea Herald reports: The Seoul Central District Court convicted Samsung's de facto heir of bribing former President Park Geun-hye and her close friend Choi Soon-sil in return for the government's help in tightening his control over Samsung Group, saying he was in position to benefit most from the bribery scheme. Lee, who has been detained since February, was found guilty of all five charges -- bribery, embezzlement, concealment of criminal proceeds, illegal transfer of assets overseas and perjury. The court said Lee and Samsung executives offered large bribes to the president, who held "immense power and the ultimate authority," and embezzled company funds, hid assets overseas and concealed profits from criminal acts in the process, all expecting a favor in the form of Samsung Group's smooth leadership transition. Lee is the first member of Samsung Group's ownership family to be sentenced to jail. He is set to appeal the decision. "The essence of the case is collusive ties between political power and capital power," presiding Judge Kim Jin-dong said. "As Samsung executives, they had a great deal of negative impact on society and the economy."
Probably none. (Score:1)
Trump will get how many years for... Treason?
Probably none.
Hillary will get how many years for...?
Re: (Score:2)
Yet, they have NOTHING. It is getting tiring that the far right continue to scream about her, even though it is trump that is in office for the last 8 months.
However, unlike Hillary, the intelligence world REFUSES to have anything to do with trump, pence, and most of his admin, esp when it comes to Russian intel.
Basically, that should send a very strong signal to all that trump, pence, and a number in his admin, are traitors.
Heck, t
The difference between "us" and "them" (Score:5, Insightful)
I really get the VW dude.
boss: "do this".
worker bee: "um, isn't that illegal?".
Boss: "let legal handle that".
worker bee: "um, I dunno".
Boss: wanna get fired?
worker bee: "yessir, be done by friday
Re:The difference between "us" and "them" (Score:5, Interesting)
I really get the VW dude.
I don't think you do...
Check out my my comment [slashdot.org] on that story...
Besides, getting convicted and serving jail time seems to be a Samsung leadership right of passage...
His father, Samsung chairman Lee Kun-hee, was twice sentenced to prison -- and twice pardoned.
Serving jail time "is like a rite of passage," David Kang, director of the University of Southern California's Korean Studies Institute, said in an interview before the verdict was announced. "The question will really be how long does he serve."
Re: (Score:3, Informative)
No. Samsung is a monster. They build fighter jets as an afterthought. The very definition of "too big to fail"; 17% of S. Korea's GDP.
How does the U.S. Benefit from S. Korea? (Score:1)
Re: How does the U.S. Benefit from S. Korea? (Score:1)
It's crazy that there are people who think what you wrote is true.
Re: How does the U.S. Benefit from S. Korea? (Score:2)
You heard it here first! It's Harry Truman's fault that a Samsung executive has yet again been convicted of bribery, embezzlement.
Thanks, Truman! You long dead asshole!