Samsung leader Jay Y. Lee pleads guilty to unlawful use of sedative

Samsung conglomerate leader Jay Y. Lee plead guilty in court on Tuesday to a charge of unlawful use of a controlled substance, as legal woes continue to haunt the executive even after his release on parole in August following a bribery conviction. Lee’s release had raised market watchers’ expectations of a flurry of major decisions… Read More Samsung leader Jay Y. Lee pleads guilty to unlawful use of sedative

South Korean court sentences Samsung heir Jay Y. Lee to thirty months imprisonment in bribery case

A South Korean court sentenced Samsung Electronics vice chairman Jay Y. Lee to two and a half years in prison, the court said on Monday, which will have major ramifications for his leadership of the tech giant as well as Korea’s views toward big business. With this, Lee will be sidelined for the time being… Read More South Korean court sentences Samsung heir Jay Y. Lee to thirty months imprisonment in bribery case

South Korea begins final hearing in graft trial of Samsung leader Jay Y. Lee

The final hearing of a trial that will decide whether Samsung Electronics Co Ltd Vice Chairman Jay Y. Lee returns to jail for alleged bribery began in a Seoul court on Wednesday. The heir of one of South Korea’s most powerful families was convicted of bribing an associate of former President Park Geun-hye and jailed… Read More South Korea begins final hearing in graft trial of Samsung leader Jay Y. Lee

South Korean prosecutors indict Samsung Group heir Jay Y. Lee on 2015 merger fraud allegations

South Korean prosecutors indicted the Samsung Group’s Jay Y. Lee on Tuesday on suspicion of accounting fraud and stock price manipulation in connection with a 2015 merger, dealing a new blow to the head of one of Asia’s most valuable companies. Lee, who has already served jail time in connection with a separate case, and… Read More South Korean prosecutors indict Samsung Group heir Jay Y. Lee on 2015 merger fraud allegations

South Korean court denies arrest warrant request for Samsung Group heir Jay Y. Lee

A South Korean court on Tuesday denied an arrest warrant request for Samsung Group heir Jay Y. Lee after prosecutors accused him of accounting fraud and stock manipulation. Prosecutors last week asked the court to issue an arrest warrant against Lee, capping a probe into a 2015 merger of two Samsung affiliates that they said… Read More South Korean court denies arrest warrant request for Samsung Group heir Jay Y. Lee

South Korean prosecutors seek arrest of Samsung Group heir Jay Y. Lee in succession probe

South Korean prosecutors have requested an arrest warrant for Samsung Group heir Jay Y. Lee, they said on Thursday, in the investigation of a 2015 merger and alleged accounting fraud in a suspected bid to aid his succession plans. The move spells fresh trouble for Lee, who, if arrested, stands to return to jail just… Read More South Korean prosecutors seek arrest of Samsung Group heir Jay Y. Lee in succession probe

Samsung Group chairman Jay Y. Lee sentenced to five years imprisonment for bribery

The billionaire head of South Korea’s Samsung Group, Jay Y. Lee, was sentenced to five years in jail for bribery on Friday in a watershed for the country’s decades-long economic order dominated by powerful, family-run conglomerates. After a six-month trial over a scandal that brought down the then president, Park Geun-hye, a court ruled that… Read More Samsung Group chairman Jay Y. Lee sentenced to five years imprisonment for bribery

South Korea prosecutors charge Samsung Group chief with bribery, embezzlement

South Korean prosecutors charged Samsung Group chief Jay Y. Lee with bribery and embezzlement on Tuesday as the top conglomerate announced the dismantling of its corporate strategy office, the latest developments in a graft scandal that has rocked the country. Jay Y. Lee was arrested on February 17 over his alleged role in the corruption… Read More South Korea prosecutors charge Samsung Group chief with bribery, embezzlement