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Samsung Heir Appeals Last Week's 5-Year Embezzlement Sentence - Reports
Samsung Heir Appeals Last Week's 5-Year Embezzlement Sentence - Reports
Sputnik International
Samsung Electronics Vice Chairman Lee Jae-yong, sentenced to five years in prison for embezzlement, bribery and perjury, has appealed the court's decision... 28.08.2017, Sputnik International
2017-08-28T05:34+0000
2017-08-28T05:34+0000
2017-08-28T05:54+0000
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Samsung Heir Appeals Last Week's 5-Year Embezzlement Sentence - Reports
05:34 GMT 28.08.2017 (Updated: 05:54 GMT 28.08.2017) Samsung Electronics Vice Chairman Lee Jae-yong, sentenced to five years in prison for embezzlement, bribery and perjury, has appealed the court's decision, South Korean media reported Monday.
MOSCOW (Sputnik) — According to Yonhap news agency, Lee's lawyer Kim Jong-hoon delivered the appeal to the Seoul Central District Court, challenging the court's ruling that Lee had been involved in Samsung's bribes for equestrian lessons for the daughter of Choi Soon-sil, a longtime friend of former South Korean President Park Geun-hye.
Lee has not plead guilty to the charges brought against him.
The first hearing for the appeals trial may reportedly take place in September.
The scandal involving Park and Choi broke in October 2016. Park has been charged with forcing major corporations, including Samsung, to donate to foundations controlled by Choi, taking bribes, and forcing companies to sign contracts beneficial for Choi and her associates.
25 August 2017, 21:41 GMT
One such deal was a merger between Samsung’s two subsidiaries, Cheil Industries Inc. and Samsung C&T Corporation, which was expected to strengthen Lee's position within the Samsung Group.
Lee took up the reins of company after his father, Samsung Group chairman Lee Kun-hee, withdrew from business after suffering from a heart attack in 2014.