Samsung's Jay Y Lee faces a retrial that could put him back in jail

Lee is the designated heir to South Korea's largest conglomerate and a national icon

1503765126-7554

International news: South Korea’s highest court ordered the retrial of Samsung Electronics Vice-Chairman Jay Y Lee over bribery charges, reviving legal uncertainty around the company just as it is navigating global trade turmoil.

The Supreme Court voided an earlier decision to suspend Lee’s 2.5-year prison sentence and is sending the case back to the lower court.

Lee may end up going to prison again, having previously served a year after getting arrested in February 2017.

He was released in 2018 after the Seoul High Court halved what had originally been a 5-year term and suspended it...read more

Comments

Popular posts from this blog

Will have a good time with Modi, says Trump before leaving for Houston

Budget 2019 fails to address real estate sector's most pressing concerns

SC overturns BCCI’s life ban on Sreesanth in IPL spot-fixing case