The heir and de facto leader of family-owned conglomerate Samsung was sentenced to prison for 2 1/2 years Monday in a retrial regarding his involvement in a bribery scandal involving the former president of South Korea.
Lee Jae-yong, also known as Jay Lee, was found guilty of bribery, embezzlement, and concealment of criminal proceeds worth roughly 8.6 billion won (U.S. $7.8 million). Lee was first arrested in February 2017 over his alleged role in a political and corporate scandal linked to former South Korea President Park Geun-hye, who was later ousted for abuse of power.
