SEOUL, South Korea – South Korean media reports say an appellate court has handed down a 2 ½ year suspended jail sentence for corruption to Samsung’s billionaire heir Lee Jae-yong.
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Lee, the only son of Samsung’s ailing chairman, was given a five-year prison term in August on bribery and other charges linked to a political scandal that took down former South Korean President Park Geun-hye.
The Samsung vice chairman pleaded not guilty to charges he used Samsung corporate funds to bribe Park and a confidante, seeking to consolidate his control over Samsung and facilitate a smooth transfer of corporate leadership from his father.
Prosecutors had sought a 12-year prison term for Lee at the appeals court.
The more lenient ruling surprised many who were expecting a tough stance from the appeals court.
