South Korean court upheld Samsung bribery conviction

Vastavam web: A South Korean appeals court today upheld Samsung heir Lee Jae-Yong’s bribery conviction but cut his prison sentence to a suspended term, ordering his immediate release.Lee, vice chairman of Samsung Electronics, the world’s biggest smartphone and memory chip maker, was convicted of bribery in connection with the sprawling corruption scandal that brought down former South Korean president Park Geun-Hye.He had been convicted of a range of offences, including bribery, embezzlement, money laundering and perjury of parliament.

The case centred on payments Samsung made to Park’s secret confidante Choi Soon-Sil, with prosecutors arguing they were intended to secure government favours.”Park Geun-Hye and Choi Soon-Sil should be seen as the main players in this scandal,” said the ruling, read out in court by one of the judges.Four other Samsung Electronics executives convicted alongside Lee also had their convictions reduced, with the two who had been given prison terms similarly having their sentences suspended.