Samsung heir sentenced to 5 years in prison for bribery, other crimes

A South Korean court sentenced Samsung Electronics Vice Chairman Lee Jae-yong to five years in prison for bribery and other crimes.

Samsung Group heir Lee Jae-yong arrives at Seoul Central District Court in Seoul on August 25, 2017. 

A South Korean court on Friday sentenced Samsung Electronics Vice Chairman Lee Jae-yong, an heir apparent of Samsung Group, the country's biggest family-run conglomerate, to five years in prison.

Lee was found guilty of five crimes, including bribery, embezzlement, concealment of criminal proceeds, illegal asset transfer to overseas and perjury, acknowledging all of the five charges levied by special prosecutors.

The independent counsel demanded a 12-year jail term earlier this month.

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