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6 February, 2018 00:00 00 AM
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Third time lucky for another Samsung leader

AFP

AFP, SEOUL: Samsung heir Lee Jae-Yong yesterday became the third generation of his family to benefit from merciful legal treatment, when most of his bribery convictions were set aside and his jail sentence was replaced with a suspended term.

Lee, 49, is vice chairman of Samsung Electronics, the world’s largest smartphone maker and the flagship of the Samsung Group founded by his grandfather in 1938.

Lee’s father Lee Kun-Hee went on to build up the tech empire but was convicted of bribery in 1996. The Seoul Central District Court also found him guilty of tax evasion and other charges 10 years ago but suspended sentences meant he never served time in jail.

Similarly, his grandfather Lee Byung-Chull, who founded Samsung (“Three Stars”) as a trading company in 1938, was engulfed in a huge case of smuggling involving his fertiliser manufacturing subsidiary in 1966. He avoided being charged after “donating” the firm to the state.

Lee himself was sentenced to five years in prison for bribing the then-South Korean president Park Geun-Hye and her secret confidante, and spent almost a year in custody after first being detained in February 2017. But an appeals court yesterday dismissed most of his bribery convictions and gave him a suspended sentence for the rest, paving the way for his release.

Mild-mannered and often smiling inscrutably, bespectacled divorcee Lee Jae-Yong cuts a different figure from his father—a visionary but eccentric and reclusive leader who rarely made public appearances.

 

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Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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