A South Korean court docket sentenced Samsung Electronics vice chairman Jay Y. Lee to 2 and a half years in jail, the court docket mentioned on Monday, which can have main ramifications for his management of the tech big in addition to Korea’s views towards massive enterprise.
With this, Lee might be sidelined from main determination making at Samsung Electronics because it strives to overhaul opponents, and from overseeing the method of inheritance from his father, who died in October, essential to protecting management of Samsung.
Lee, 52, was convicted of bribing an affiliate of former President Park Geun-hye and jailed for 5 years in 2017. He denied wrongdoing, the sentence was lowered and suspended on enchantment, and he was launched after serving a yr.
The Supreme Court then despatched the case again to the Seoul High Court, which issued Monday’s ruling. Under South Korean regulation, solely a jail time period of three years or fewer will be suspended.
For longer sentences, the individual should serve out the time period barring a presidential pardon. With Lee returning to jail, the yr he already served in detention is anticipated to rely towards the sentence.
Monday’s sentencing will be appealed to the Supreme Court, however as a result of the Supreme Court has already dominated on it as soon as, chances are high decrease that’s authorized interpretation will change, authorized specialists mentioned.
“In a case sent back by the Supreme Court, there is a narrower range of options for the judges’ bench… but it’s also true that the Supreme Court can’t really touch the final court’s sentencing,” mentioned Rha Seung-chul, a lawyer not linked with the case.
