Samsung scion Lee set free after jail term suspended
Samsung heir Lee Jae-yong was freed Monday after a South Korean appeals court gave him a 2½-year suspended jail sentence for corruption in connection with a scandal that topped the country’s president.
The ruling clears the way for the Samsung vice chairman to resume his role at the helm of the industrial giant founded by his grandfather after a year in prison.
In a surprise decision, the Seoul High Court softened the original ruling against Lee, rejecting most of the bribery charges leveled against Lee by prosecutors who sought a 12-year prison term.
“The past year was a precious time for personal reflection,” Lee told reporters waiting outside the gates of a detention center in southern Seoul. Lee’s first stop from the prison was a Samsung hospital where his father has been hospitalized since he suffered a heart attack in 2014.
Lee was charged with offering $38 million in bribes to former President Park Geun-hye and her confidant Choi Soon-sil, embezzling Samsung funds, hiding assets overseas, concealing proceeds from criminal activities and perjury.
The appeals court said Lee was unable to reject the then-president’s request to financially support her confidante and was coerced into making the payments. The court still found Lee guilty of giving 3.6 billion won ($3.3 million) in bribes for equestrian training of Choi’s daughter and of embezzling the money from Samsung funds.
Lee, 49 and the only son of Samsung’s ailing chairman, was given a five-year prison term in August.
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