![]() Lee has denied all charges against him and is expected to appeal the decision. Lee, who has been under presentencing detention since February, was also convicted of embezzlement, hiding assets overseas, concealment of criminal proceeds and perjury, all stemming from the corruption scandal that rocked South Korea for months and ultimately forced Park out of office. It is expected to deal a blow to the image of the global electronics giant amid a prolonged leadership vacuum. The verdict represents one of the heaviest ever to be handed out to the head of a major conglomerate in South Korea. provided a large amount of money in bribes to the president, who has the final say in economic policy, in anticipation of help in the succession process," the court said. "This is a case in which Samsung executives. The court also said that Lee was in a position to gain the most from the collusion, even though he and other defendants passively accepted Park's demands rather than proactively asking for favors and providing bribes. "It appears to be difficult for the people to recover from disappointment in that collusive ties between the president and a large conglomerate existed not in the past, but in the present." "The crux of this case is close collusion between political and capital powers," the court said in the verdict. ![]() Prosecutors had demanded a 12-year jail term for Lee on charges of offering or pledging 43.3 billion won of bribes to win the government's blessing for a merger of two Samsung units under terms designed to increase his control over the entire Samsung empire so as to cement a power transfer from his ailing father Lee Kun-hee. The Seoul Central District Court handed down the verdict, convicting Lee of involvement in Samsung's provision of 7.2 billion won (US$6.38 million) in bribes for the equestrian training of the daughter of Park's longtime friend and confidante Choi Soon-sil. 25 (Yonhap) - A Seoul court sentenced Samsung Electronics Vice Chairman Lee Jae-yong to five years in prison Friday, finding him guilty of bribery, embezzlement and other charges in a massive corruption scandal that led to the ouster of former President Park Geun-hye. (ATTN: ADDS details, Minor edits throughout) By Chang Jae-soon
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