Get the latest tech news
South Korean prosecutors request 5-year jail sentence for Samsung chief Jay Lee
South Korean prosecutors sought a five-year prison sentence and a 500 million KRW fine, equivalent to $375,000, for Samsung Electronics Chief Jay Y. Lee
South Korean prosecutors sought a five-year prison sentence and a 500 million KRW fine, equivalent to $375,000, for Samsung Electronics Chief Jay Y. Lee at an appeals court on Monday. The prosecutors said on Monday: “The defendant damaged the capital market’s foundation for the group’s succession… The ruling in this case will serve as a reference point for restructuring chaebol companies, [which is a large, family-controlled business conglomerate in South Korea], and accounting in the future.” If the defendants are granted leniency, the merger will be carried out in a manner that prioritizes their interests by resorting to unlawful and expedient means without hesitation, the prosecutors added.
Or read this on TechCrunch
