SAMSUNG MASUK PENJARA

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SEOUL: A South Korean court on Friday (Aug 25) found Lee Jae-yong, the billionaire head of Samsung Group, guilty of corruption charges after a six-month trial in a nationwide bribery scandal that triggered the dismissal from office of the country's president.

He was sentenced to five years' jail for his bribery charge.

Lee, the 49-year-old heir to one of the world's biggest corporate empires, has been held since February on charges that he bribed then president Park Geun-hye to help secure control of a conglomerate that owns Samsung Electronics, the world's leading smartphone and chip maker, and has interests ranging from drugs and home appliances to insurance and hotels.

Prosecutors originally demanded a 12-year jail sentence for Lee, who also faces charges of embezzlement and perjury - potentially the longest prison term given to a South Korean business leader.

The third-generation de facto head of the powerful Samsung Group, Lee has effectively directed operations since his father, Lee Kun-hee, was incapacitated by a heart attack in 2014.

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