Samsung's heir gets 20-year prison sentence, throwing company plans in disarray

Back in 2017, Lee Jae-yong, the vice chairman of and would-be heir of the tech empire at the time, was found guilty in a bribery and embezzlement scandal, and was sentenced to 5 years in prison.

Lee was accused of wiring the equivalent of almost $40 million from Samsung subsidiaries to two foundations set up by a confidante of impeached president of South Korea Park Geun-hye. The money was allegedly paid out to win favor from the country's state pension fund, which supported a merger between two Samsung affiliates in 2015.

This was reportedly done in a bid to secure regulatory ...

Monday, 18 January 2021 GSM ARENA GSMArena.com