Samsung vice chairman and the company’s heir evident Jay Y. Lee is headed to jail following a courtroom in Korea dominated that he is responsible of bribery, embezzlement, cash flight and perjury prices.

Lee, who has been earmarked as the upcoming chief of the firm, was handed a 5-calendar year jail sentence, while he is envisioned to charm the choice. He took a board seat at Samsung final calendar year in a shift that symbolized his ascension and the expectation that Lee would exchange his father Lee Kun-Hee, who has been hospitalized for over two a long time considering the fact that struggling a heart attack when at the helm of the company.

This verdict, which arrives just days following Samsung launched its outstanding new Galaxy Note 8 flagship cell phone, clearly throws Lee’s upcoming at the firm into query.

The govt was arrested in February when he was accused of paying bribes to an advisor of former President Park Geun-hye in exchange for political favors.

The New York Times claimed that he is alleged to have given a whole of $36 million to Park’s secret advisor in order to win government aid for a merger concerning two Samsung subsidiaries. Park, Korea’s initial female chief, was impeached and removed from business office thanks to the influence of her aides.

Showcased Picture: Chung Sung-Jun/Getty Pictures


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