S Korea holds final hearing in Samsung leader Jay Y Lee's graft trial
Seoul
THE final hearing of a trial that will decide whether Samsung Electronics Co Ltd vice-chairman Jay Y Lee returns to jail for alleged bribery began in a Seoul court on Wednesday.
The heir of one of South Korea's most powerful families was convicted of bribing an associate of former President Park Geun-hye and jailed for five years in 2017. That sentence was reduced and suspended on appeal and he only served a year in jail before being freed in 2018.
A subsequent Supreme Court ruling sent the matter back to the Seoul High Court, which must now decide on a new sentence. A decision is not expected until early next year.
While not the only legal challenge Lee is dealing with - he is also on trial for alleged fraud and stock price manipulation - the bribery case is the biggest immediate threat to his leadership of Samsung Electronics.
Lee, who entered the court in a dark suit and grey tie, is expected to read a statement near the end of the hearing. REUTERS
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
DBS CEO Tan Su Shan strikes upbeat tone on deposits, wealth growth after strong Q1
How China’s young workers are securing their future even as AI disrupts job market, triggers pay cuts
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Malaysia’s 8th richest man Jeffrey Cheah wants Sunway business to last 10 generations