Samsung Vice Chairman Trial Ending
The Criminal Division of the Seoul High Court held a hearing yesterday that should bring the bribery trial of Samsung’s Vice-Chairman Lee Jae-yong to a close, with the court’s decision on sentencing to be made in about one month. The special prosecutor in the case has demanded a sentence of nine years although the court has said it would take into consideration Samsung’s ‘new’ compliance monitoring system, which could serve to reduce the sentence. The nine year request is lower than the 12 years originally requested by the prosecutor at the 1st trial.
In the first of the three trials, Lee was given a five year sentence, which the Appeals Court reduced to two years in prison and four years of probation after Lee was found innocent of some of the charges, but the case was handed to the Supreme Court last year, which decided that some of the charges deemed ‘innocent’ should be considered ‘guilty’. That court returned the case back to the Seoul High Court for a 3rd try where it currently stands. Lee is the only son of former Samsung Chairman and grandson of Samsung founder Lee Byung-chul.
Samsung has been held under the continuing trials since 2017 and with the Seoul Court’s decision, will get some resolution as to the prospects for Lee’s control and potential management of the company. As far as we know, the Seoul High Court decision can be appealed to the Supreme Court again, but only on questions of law.
In the first of the three trials, Lee was given a five year sentence, which the Appeals Court reduced to two years in prison and four years of probation after Lee was found innocent of some of the charges, but the case was handed to the Supreme Court last year, which decided that some of the charges deemed ‘innocent’ should be considered ‘guilty’. That court returned the case back to the Seoul High Court for a 3rd try where it currently stands. Lee is the only son of former Samsung Chairman and grandson of Samsung founder Lee Byung-chul.
Samsung has been held under the continuing trials since 2017 and with the Seoul Court’s decision, will get some resolution as to the prospects for Lee’s control and potential management of the company. As far as we know, the Seoul High Court decision can be appealed to the Supreme Court again, but only on questions of law.
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