Samsung heir Lee Jae-yong jailed for corruption

(EBC; August 25, 2017) - A court in South Korea has sentenced Samsung's billionaire heir-apparent Lee Jae-yong to five years in prison for corruption.

Lee was convicted of bribery in a scandal that also saw the impeachment of South Korea's former president.

The case has gripped the public amid growing anger against South Korea's biggest companies, known as chaebols.

Lee, who denied all charges, had faced a jail sentence of up to 12 years.

Also known as Jay Y Lee, the de facto head of the world's largest smartphone maker had been detained since February on a string of corruption charges.

These included bribery, embezzlement and hiding assets overseas.

Source: BBC