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Samsung Heir Found Guilty for Corruption

Reuters

A South Korean court has found billionaire Samsung heir Lee Jae-yong guilty of bribery, embezzlement, hiding assets overseas, concealing profit from criminal acts and perjury, Guardian reports.

Revelations of Lee's attempt to bribe South Korea's president to further his business ambitions fed public anger that led to the ouster of Park Geun-hye as South Korea's leader.

The court said Lee, 49, hoped bribes for Park and her close friend Choi Soon-sil would secure government support for a merger of two Samsung units that strengthened Lee's control over the conglomerate.


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