Samsung Vice Chairman (SSNLF) Jay Y. Lee was convicted of bribery Friday in South Korea and given a five-year prison sentence.
Lee was found guilty of bribery, perjury and embezzlement by a three-judge panel of Seoul Central District Court. The court said Lee gave bribes to get support from ousted President Park Geun-hye
Lee has been the defacto head of Samsung, South Korea's largest family run conglomerate, since 2014 when his father Kun-hee Lee became incapacitated by a heart attack.
Lee was arrested in February 2017, prosecutors were said to have been seeking a 12-year sentence in what was dubbed the "Trial of the Century", which exposed the interaction between South Korea's powerful conglomerates and the politicians. Friday's ruling casts doubt over Lee's return to the company his grandfather founded and its long-term strategy.
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