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Samsung's De Facto Leader Not to Appeal Bribery Ruling

Written: 2021-01-25 11:57:33Updated: 2021-01-25 16:47:58

Samsung's De Facto Leader Not to Appeal Bribery Ruling

Photo : YONHAP News

Samsung's de facto leader Lee Jae-yong will not appeal an appellate court ruling in a retrial last week that sentenced him to two-and-a-half years for bribery involving former President Park Geun-hye.

Lee's legal counsel said on Monday that the vice chairman of Samsung Electronics will humbly accept the court's judgment.

The sentence was finalized after the special counsel team that indicted Lee on the charges said later in the day that it will not appeal. 

Indicted for bribing Park and her longtime friend, Choi Soon-sil, to win government support for a smooth father-to-son transfer of managerial power at Samsung, Lee was sentenced to five years in the first trial for providing eight-point-nine billion won in bribes.

The appellate court ordered a two-and-a-half-year jail term suspended for four years, after reducing the amount of the bribes to three-point-six billion won.

The Supreme Court then ruled that Lee offered eight-point-six billion won in bribes and remanded the case to the appeals court for retrial.

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