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Samsung Boss Lee Jae-yong Released From Jail

Samsung heir apparent, Lee Jae-yong walked free from jail on Monday after a court in Seoul cut his sentence for bribery and embezzlement.

Lee had served a year in prison when the court halved his prescribed sentence from five years to two and a half. The court suspended the rest of his prison time, but expanded his probation to four years. Guilty findings on other charges, mean that he cannot leave South Korea without court approval.

The cases against Lee stem from the political and financial scandal that brought down former president Park Geun-hye. Lee was alleged to have made contributions to Park’s mysterious friend Choi Soon-sil and in return received permission to go ahead with various corporate maneuvers that strengthened his control over global powerhouse Samsung Electronics.

Lee denied the charges. The prosecution previously sought a 12 year prison term and is expected to challenge Monday’s ruling in a higher court.

 

 

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