Court Issues Suspended Sentence for Samsung Heir

06 February, 2018, 15:15 | Author: Juana Mckenzie
  • Jay Y. Lee co-vice chairman of Samsung Electronics Co. center speaks to members of the media as he leaves the Seoul Detention Center in Uiwang South Korea on Monday Feb. 5 2018

Samsung Group heir Jay Y. Lee left a South Korean jail a free man on Monday after a panel of judges suspended his sentence.

In a stunning decision, a South Korean court suspended the prison sentence of Samsung Electronics Co. He later appealed his sentence, which was ruled in his favor by cutting it down to two and a half years. The Seoul Central District Court had sentenced Lee to five years in prison for all five counts charged against him: bribery, embezzlement, illegal transfer of assets overseas, concealment of criminal proceeds and perjury.

This has raised questions on whether the government can act against SKorea's powerful chaebols.

Despite Lee's pleading not guilty, few had expected that he would walk out of prison.

SURPRISE: Netflix Is Dropping a New Cloverfield Movie TONIGHT!
The movie would've fared far better if it'd picked any one of those and stuck with it. We'll have to watch the film to see how much it ties into the original's mythology.

"However, this type of framing is not good for [chaebol] investors, let alone the overall South Korean economy", Jun said. His absence hasn't impacted Samsung's business, which has posted a series of record financial returns over the past year.

The release of Lee, 49, could have a knock-on effect because of his link to a wider presidential scandal that led to the impeachment of ex-leader Park Geun-hye, who is still awaiting her fate concerning over 21 corruption charges.

Samsung chief Lee Jae-yong leaves the Seoul High Court on Monday.

The chief justice of the Supreme Court was newly appointed by President Moon Jae-in, who took office in May past year, but many of high posts in the judicial body were named under the previous government.

Spice Girls announce plans to work together again
The group were reunited at Geri Horner aka Ginger Spice's house in North London on Friday and posted the social media shot in celebration.

But in October, a wave of top Samsung Electronics executives stepped down, moves that may have been meant to put pressure on the system to help the company avoid a leadership vacuum. Lee Kun-hee was twice given suspended sentences for corporate crimes, so served no jail time, and was also handed a presidential pardon.

"They even have a term for it here, called jail management". It said Samsung had not sought any favours from Park Geun-hye. He will be on a four-year probation.

Speaking in front of cameras in Seoul, Lee said his time behind bars had been a "really valuable" period of self-reflection.

More broadly, in Korea, Lee's trial marked somewhat of a litmus test for how the country's family-founded conglomerates would fare under new president Moon Jae-in. "I will take more caution and do better", Lee said, leaving the court after the verdict. Another circus trial has concluded as most believed it would.

TDP to raise 'injustice to Andhra' in parliament
Union home minister Rajnath Singh appears to have salvaged from brink the tottering TDP-BJP alliance, at least for the time being. We will tell them we are committed to the interests of Andhra Pradesh.

Recommended:

  • Paul Ryan ridiculed for tax cut tweet, deletes it

    Paul Ryan ridiculed for tax cut tweet, deletes it

    Ryan's tweet was the latest show of Republicans patting themselves on the back for the tax bill, which slashed corporate taxes. Ryan's Democratic opponent, Randy Bryce, used the blunder as a fund-raising opportunity.
    Israel legalizes West Bank outpost after settler killed

    Israel legalizes West Bank outpost after settler killed

    Israel's Cabinet approved a proposal that begins the process of legalizing the Gilad Farm outpost in the northern West Bank. Last week, Israeli forces killed a Palestinian man and demolished four homes during a raid in Jenin in search of Jarrar.
    LeBron open to FA talks with Warriors

    LeBron open to FA talks with Warriors

    The James-Warriors story was, of course, a huge story for its implications. "I know exactly how it works", he said. Within hours, the James report was the biggest story on ESPN , and commentator Stephen A.
  • Minivan rams into pedestrians in Shanghai, 18 hurt

    Minivan rams into pedestrians in Shanghai, 18 hurt

    Three attackers also died in the incident, which Beijing blamed on separatists from the restive western region of Xinjiang. The Prime Minister had been meeting with mayor Yong at Shanghai's Xingguo Hotel, about four miles from the incident.
    Uma Thurman Finally Speaking Out Over Harvey Weinstein, Details Alleged Sexual Assault

    Uma Thurman Finally Speaking Out Over Harvey Weinstein, Details Alleged Sexual Assault

    However, they continued to work together-Thurman thought she had "aged out of the window of his assault range". And in that confusion, she made decisions she still feels guilty about.
    Stormy Daniels deflects Kimmel's questions about alleged affair with Trump

    Stormy Daniels deflects Kimmel's questions about alleged affair with Trump

    Wendy Williams has no time for Story Daniels , the porn star who may or may not have had an affair with President Donald Trump . At one point, Kimmel began reading excerpts from In Touch's transcript outlining the affair, but Daniels cut him off.
  • Watch the Brand New Westworld Season 2 Trailer

    Watch the Brand New Westworld Season 2 Trailer

    For now, we are stoked that we finally received a substantial piece of news regarding Westworld Season 2. HBO tonight also confirmed the premiere date: Westworld season two will debut April 22nd.
    LA School Shooting Deemed Unintentional By Police

    LA School Shooting Deemed Unintentional By Police

    I didn't know what to do, I didn't know what to say, and that's when I just got my mom and came over here", Diego said. She texted her 14-year-old son, Johnny Romero, whose number was listed under "Johnny baby", and asked him if was OK.
    Iranian police arrest 29 women over protests against compulsory hijab

    Iranian police arrest 29 women over protests against compulsory hijab

    Photos of the protests made the rounds on social media, showing women standing atop utility boxes, hijabs dangling from sticks. Thursday's arrests come after at least six women were reportedly taken into custody in Tehran this week.
  • Larry Nance Jr. wore shirt displaying off Slam Dunk champ dad

    Larry Nance Jr. wore shirt displaying off Slam Dunk champ dad

    The 2016 dunk contest in Toronto a year earlier, for example, was, excuse my language, !*$@!@* incredible. But it's the Slam Dunk Contest field that really stands out.

    Stocks lower after positive jobs report spurs concerns of Fed interest hike

    The increase in rates has been driven by the prospect of stronger economic growth, and higher inflation, in the USA and overseas . Revenues have also been stronger than expected, an indication that the improving global economy is translating into better sales.
    Parents lash out at Larry Nassar: 'You violated our daughters'

    Parents lash out at Larry Nassar: 'You violated our daughters'

    He also has been sentenced to 60 years for child pornography possession. "Today, I'm sad to be a Spartan", Lovellette said. Schuette's office charged Nassar with three felony counts of Criminal Sexual Conduct First Degree.


Popular

Kashmir is a lifeline for Pakistan: Khawaja Asif
He paid tributes to the valiant struggle of Hurriyat leaders, specially Yasin Malik who wrote an open letter to Ms. With all our political differences aside, there is no second opinion in Pakistan on the Kashmir dispute.

Malcolm Butler: Patriots 'gave up on me' in Super Bowl
I could have changed that game, though. "He wants to be out there, so I'm not surprised he was emotional". The decision to not play Butler came down to matchups, according to defensive coordinator Matt Patricia.

Is it too late to protect your child?
Do not share eating utensils or drink after others, as this can all spread the flu (even if symptoms are not yet being exhibited). There are no current shortages of antiviral drugs and manufacturers report they expect to meet projected seasonal demands.

US Stocks Plunge as Interest Rate Fears Grip Markets
Nonfarm payrolls jumped by 200,000 jobs last month after rising 160,000 in December, the Labor Department said on Friday. Technology companies were leading stocks broadly lower in early trading, extending the market's slide into a second day.

United States assumptions about China's nuclear development absurd
The Pentagon called for the United States to develop two new types of weapons in an update of its nuclear policy Friday. The GBSD program will also modernize the 450 ICBM launch facilities that will support the fielding of 400 ICBMs.

USA accuses Syria of chemical attacks to justify its 'criminal acts'
Mattis did not provide further details on which reports on the use of sarin he was referring to. He added "they'd be ill-advised to go back to violating the chemical convention".

After court blow to regime, clashes erupt in Maldives
Current President had been set to run for re-election virtually unopposed, with all of his opponents either jailed or exiled. Shortly after the ruling the police announced on Twitter that it would enforce it.

Florida nurse holds live Q&A on Facebook after video goes viral
But now the video has spread, like the flu , across the country with over 5 million views and counting. "It's great. In fact, if you aren't sick, just stay home, she advises.

Pentagon wants low-yield nuclear bombs
My view is that the use of or the threatened use of nuclear weapons in these circumstances simply aren't credible. Washington's new stance on nuclear weapons employment causes concern , Russia's Foreign Ministry noted.

Ryan making his 2nd test start for Ireland vs France in 6N
Add into the mix the form of the premier Irish provinces in Europe, the form book points only to one victor . Jonathan Sexton , centre, during Ireland rugby squad training at Carton House in Maynooth, Co Kildare.