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News ID: 12391
Asia » Asia
Publish Date: 11:38 - 25 August 2017
TEHRAN, August 25, YJC - A South Korean court has found Lee Jae-yong, the de facto chief of the sprawling Samsung business empire, guilty of bribery and other corruption charges.

Samsung chief gets 5-year prison term for corruptionTEHRAN, Young Journalists Club (YJC) - Lee, the billionaire son of Samsung's ailing chairman, was sentenced to five years in prison on Friday, well short of the 12-year prison sentence prosecutors had sought.

The criminal conviction is a blow for Samsung, the world's largest smartphone maker and South Korea's biggest family conglomerate.

Samsung Electronics' (SSNLF) share price fell 1.5% in Seoul after the verdict was announced on Friday.

Wearing a navy suit and holding a manila envelope, Lee remained seated and silent as the judge read out the verdict.

The so-called "trial of the century" has gripped South Korea for months.

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