Samsung heir Lee’s bribery trial to start on Friday

A bribery trial involving the heir of South Korea’s Samsung Group will commence on Friday. This comes after the country’s top court ruled earlier this year that the case should be reviewed by a lower court, raising the possibility of a tougher sentence.
South Korean Supreme Court overturned in August part of an appeals court bribery conviction against Samsung’s de facto chief Jay Y. Lee, who had been given a two-and-a-half-year suspended sentence for seeking favor from South Korea’s former president Park Geun-hye.
The court said the interpretation by the Seoul High Court on what constituted bribes by Samsung to Park was too narrow.
“The Seoul High Court is unlikely to make a decision within this year, because prosecutors and his lawyers are fighting harder in this round,” said Jun Ji-hyun, a lawyer who is not involved in the case.
Lee, 51, is expected to attend Friday’s hearing, which is required by law for defendants in criminal cases, according to legal experts.
The case against Lee centered on whether three horses donated by Samsung Group [SAGR.UL] should be considered bribes aimed at winning Park’s favor in the conglomerate’s succession planning. The horses were given to the daughter of Park’s confidante, Choi Seo-won, a professional equestrian.
The Supreme Court said the appeals court erred in not recognizing the horses as bribes given by Samsung to win favors, raising the possibility of Lee returning to jail.
Lee, vice chairman of the group’s crown jewel Samsung Electronics Co, has already served one year of detention but walked free last year after the appellate court halved a lower court’s five-year jail sentence and suspended it for three years.
Samsung declined to comment officially.
“We hope to see the end of this uncertainty as soon as possible,” said a company source who requested anonymity, referring to the legal procedures.
The trial comes as South Korea’s President Moon Jae-in seeks help from big business leaders to resuscitate a fragile economy, which data showed on Thursday slowed more than expected in the third quarter.
Moon thanked Lee for Samsung’s commitment at a ceremony this month unveiling an $11 billion investment in display technologies.
The Supreme Court last week closed a separate bribery case involving Lotte Group Chairman Shin Dong-bin, allowing him to stay out of jail with a suspended jail sentence.
Source: Reuters