Published 17:29 IST, October 25th 2019
South Korean Judge wants Samsung heir to 'humbly accept outcome'
The South Korean judge who is currently overseeing Samsung heir Jay Y. Lee's retrial on bribery allegations said on October 25 to “humbly accept the outcome”
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South Korean judge who is currently overseeing Samsung Group heir Jay Y. Lee's retrial on bribery allegations linked to a scandal of 2016, on October 25 told Lee to “humbly accept outcome” of case. Billionaire h appeared in court after scandal which fueled massive protests and sent South Korea's n-president to prison. Lee, whose Korean name is Lee Jae-Young h attended first hearing of bribery trial at Seoul High Court. hearing commenced after South Korea's top court ordered a review of 2017 graft case.
“I feel deeply sorry for worrying many people,” Lee said before walking into Seoul High Court with his lawyers.
Case History
case of Lee Jae centers around millions of dollars that Samsung group paid to secret confidante Choi Soon-Sil, allegedly for favors to ensure Lee's succession to his ailing far. scandal revealed in 2016 h highlighted hidden links between company and politicians in South Korea including n-president and her friend. women were convicted and given deces-long jail sentences and will also face separate trials of ir own. top court ruled that 8.6 billion won by Samsung should be considered as bribes. Lee became center of a case revolving around bribes worth more than 5 billion won which is t eligible for suspended jail term. According to an independent attorney Shin Jan-Sik, Lee is 'likely to go to prison'. After chairman of Samsung and Lee's far, Lee Kun-Hee left due to a heart attack in 2014, Lee has been at helm of group.
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Alrey served one year
chairman of Samsung Electronics, Lee has alrey served one year in prison but later walked free after appeals court reduced five-year jail sentence and suspended it to three years. However, ufficially re has been a response from an employee of Samsung who reportedly has stated Samsung hopes to see end of this uncertainty as soon as possible. trial has come in wake of South Korea's President seeking help from business leers to revive troubled ecomy whose data recently revealed that South Korean ecomy has slowed more than expected in third quarter. Moon thanked Lee for Samsung's commitment at an event earlier this month unveiling an $11 billion investment in display techlogies.
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(With ncy inputs)
13:00 IST, October 25th 2019