Samsung heir Lee Jae Yong has been sentenced to five years in prison for bribery, perjury and other crimes. The Seoul Central District Court on Friday convicted Lee, 49, the vice-chairman of Samsung Electronics, the world’s largest smartphone maker, of offences related to the corruption scandal that brought down ousted president Park Geun-Hye. Lee Jae-Yong’s penalty could leave the giant firm rudderless for years and hamper its ability to make key investment decisions. Lee Jae-Yong, the son of Samsung group chairman Lee Kun-Hee, has been groomed all his life to take…
Read MoreSamsung heir jailed for five years on corruption charges
