FILE PHOTO, Samsung Electronics ‘ Vice Chairman Jay Y. Lee, arrives at a court in Seoul, south korea, south africa, South Korea, October 12, 2017. REUTERS/Kim Hong-Ji)
SEOUL (Reuters) – South Korea’s Supreme court said it will rule next Thursday on whether or not to maintain the reduced sentence given to the Samsung Group heir-Jay Y. Lee, or ask for an appeal again the case, and that it was a part of a graft scandal that prompted the country’s president in 2017.
The 51-year-old Lee was sentenced for bribes to Choi Soon-sil, and a close friend of the former President, Park Geun-hye. He was handed a five-year prison sentence, but was released in February 2018, after an appeals court reduced the sentence to a suspended term of imprisonment on charges of bribery, embezzlement and any other point of view.
Both Lee and the prosecution appealed to the Supreme court, and to the left of the top court with the options of either upholding the appeal court ruling, or a request to reconsider its verdict, legal experts said.
Samsung was not immediately available for comment on the latest development.
The Supreme Court is set to rule on the court, the court of appeal’s decisions in the cases against the Park, However.
The Park was cordoned off as a result of the scandal and the cosy relationship between South Korea and the political leaders of the great conglomerate under the microscope.
Samsung Electronics, the world’s leading smartphone chip maker, is facing headwinds, such as U.S.-china trade, the war, and Japan’s tightening of export curbs.
On Samsung’s core, affiliate, and Samsung BioLogics (207940.SO, is it in investigation of the prosecutors over the alleged accounting fraud, including a number of leaders were arrested for their alleged role in the case.
Reporting Heekyong Yang and Hyunjoo Jin; editing by Simon Cameron-Moore