Samsung ‘Crown Prince’ Lee Jae Yong is pardoned by the Korean president

Tram Ho

According to Reuters news agency, observers considered this amnesty decision only symbolic. Mr. Lee was released on parole after 18 months in prison for fraud related to Samsung.

Even so, the pardon also allows Mr. Lee to participate in business activities more freely and helps Samsung make many big moves.

South Korea has long offered amnesty to business leaders accused of corruption for economic reasons.

This time, South Korean Justice Minister Han Dong Hoon said Mr. Lee will be ” restored ” to have the opportunity to ” contribute to overcoming the Korean economic crisis “.

'Thái tử' Samsung Lee Jae Yong được tổng thống Hàn Quốc ân xá - Ảnh 1.
Samsung Electronics Vice President Lee Jae Yong – Photo: REUTERS

With the urgent need to overcome the national economic crisis, we have carefully selected economic leaders to lead the country’s growth engine, through active technology investment and job creation. do, for amnesty ,” said Mr. Han.

“Crown Prince” Lee of the world’s number one smartphone and chip maker has repeatedly been released and returned to prison in the past few years.

Mr. Lee had served time in prison for bribery since 2017, but was released in 2018 after an appeals court reduced the term to two and a half years of probation.

But the Korean Supreme Court said that the appellate court had underestimated the amount of the bribe and ordered the case to be retried.

In January 2021, during the retrial of the bribery case involving former president Park Geun Hye, Mr. Lee was sentenced to 30 months in prison by the Seoul High Court for bribery to gain support for the succession. as well as ensure control of the group.

In August of the same year, Mr. Lee was released ahead of time after serving 18 months in prison in a corruption scandal that shook South Korea.

In addition to Mr. Lee, Lotte Group chairman Shin Dong Bin was also pardoned.

In October 2019, the Korean Supreme Court sentenced Mr. Shin to 2 years and 6 months in prison, and granted a suspended sentence of 4 years. He was prosecuted on charges of giving bribes, embezzlement, violating the ” Law on severe penalties for special economic crimes “.

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Source : Genk