Samsung beneficiary Lee Jae-yong imprisoned for debasement - BestTechnology

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jueves, 7 de diciembre de 2017

Samsung beneficiary Lee Jae-yong imprisoned for debasement


A court in South Korea has condemned Samsung's very rich person beneficiary evident Lee Jae-yong to five years in jail for defilement.

Lee was indicted pay off in an embarrassment that additionally observed the prosecution of South Korea's previous president.

The case has held the general population in the midst of developing annoyance against South Korea's greatest organizations, known as chaebols.

Lee, who denied all charges, had confronted a prison sentence of up to 12 years.

Otherwise called Jay Y Lee, the true leader of the world's biggest cell phone producer had been confined since February on a string of debasement allegations.

These included pay off, theft and concealing resources abroad.

What did he do? 

The 49-year-old is blamed for giving gifts worth 41bn won ($36m; £29m) to non-benefit establishments worked by Choi Soon-sil, a companion of South Korea's previous President Park Geun-hye, as a byproduct of political favors.

Prosecutors said the gifts were made to Ms Park's associate to win government bolster for a major rebuilding of Samsung that would fortify Lee's control over Samsung Electronics.

In any case, Lee's resistance group said that the installments were closed down without his insight.

Lee has already conceded that the firm additionally gave a steed and cash to help the equestrian profession of Choi's girl, Chung Yoo-ra, however denied looking for favors.


  • What does the imprisoning of its beneficiary mean for Samsung? 


  • Samsung outrage: Who is Lee Jae-yong? 


  • Is genuine change conceivable at South Korea's chaebols? 


  • The awfulness of South Korea's Park Geun-hye 


  • Samsung says sorry for outrage 

His legal counselor said on Friday they would request against the court's choice.
"We are sure the decision will be upset," Song Wu-cheol said.

Who else is included? 

The case added to President Park's possible indictment and she now confronts trial for defilement herself, something she denies.

Her companion Choi has just been imprisoned for a long time in the wake of being discovered blameworthy of utilizing her position of impact to request favors for her little girl.

South Korea's Chung Yoo-ra , bites her gold medal as she poses after winning the equestrian Dressage Team competition at the Dream Park Equestrian Venue during the 17th Asian Games in Incheon, South Korea, on 20 September 2014.Image copyrightREUTERS

Image captionChung Yoo-ra won a gold medal for dressage in the 2014 Asian Games
On Friday, two other Samsung administrators, Choi Gee-sung and Chang Choong-ki, were likewise indicted in an indistinguishable trial from Lee and condemned to four years in jail. Previous Samsung Electronics president Park Sang-jin and official VP Hwang Sung-soo were given suspended sentences. 
Will Lee serve time in prison? 
Examination - by the BBC's Yogita Limaye in Seoul 
This isn't the first run through a best official of a major aggregate has been sentenced for defilement in South Korea. 
Be that as it may, before, they've either been given suspended sentences or have been exonerated by the president. 
The new president, Moon Jae-in, has just said there will be not any more presidential absolutions. 
South Korean protesters shout slogans against Samsung heir Lee Jae-Yong in front of the Seoul Central District Court in Seoul, South Korea, 25 August 2017Image copyrightEPA
Image captionSouth Korean protesters shouted slogans against Mr Lee in front of the court in Seoul
So if Lee's sentence is maintained by higher courts and he winds up serving his entire sentence in prison or a critical piece of it, that will be a takeoff from what we've found in South Korea previously. 
What's more, the new government says that will be a solid message to chaebols that they have to tidy up the way they work together. 
What does it mean for Samsung? 
The conviction speaks to an immense hit to South Korea's greatest and most surely understood business domain. Since the decision, Samsung shares fell by 1%. 
It likewise brings up issues about the future initiative of the family-run combination. Lee has been remaining in as administrator since his dad, Lee Kun-hee, endured a heart assault in 2014. 
Lee has two sisters, who are in administration parts in various parts of the Samsung gathering, however it is indistinct whether they could be gotten to higher positions. 
Since Lee's capture a half year prior, the gathering's business operations have proceeded with to a great extent unaffected. 
Samsung Electronics posted a record benefit of 11tn won for the most recent quarter and the firm has discharged its new leader Galaxy S8 cell phone, shutting the book on the terrible review of the detonating Galaxy Note 7. 
The Samsung Group, made up of 60 interlinked organizations, is pivotal toward the South Korean economy, with deals proportional to about a fifth of the national GDP. 
The chaebol incorporates a shipbuilding division, a development organization, and pharmaceuticals and promoting arms. 
What is a chaebol? 
The word chaebol is a blend of the Korean words for tribe and riches 
It is the name given to South Korea's gigantic family-run business domains that employ colossal impact in the nation 
They regularly possess various worldwide undertakings 
Different cases incorporate LG, Lotte and Hyundai

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