Jay Y. Lee, Vice Chairman of Korea’s largest conglomerate Samsung Electronics, accepted Just two months after the billionaire – a central figure in the bribery scandal that rocked the country and led to the president’s impeachment – in court on Tuesday for illegal drug use – released from prison.
At Tuesday’s hearing in the Seoul Central District, Lee admitted that receiving the wrong treatment of propofol, a sedative, over a five-year period, Reuters reports.
If convicted, Lee faces a fine of 70 million won (about $58,000 in US dollars), with a court ruling set for October 26.
Lee is the son of former Samsung chairman Lee Kun-hee, who died in 2020, and have served As the acting head of Samsung since his father’s heart attack in 2014.
She has been embroiled in a long-running and high-profile legal saga since 2017, when she was convicted in a bribery scandal that led to the impeachment and imprisonment of South Korean President Park Geun-hye.
As a result of the scandal, in which Lee paid Park’s associate Won 30 billion (about $25 million) for favorable treatment with Samsung, Lee was sentenced in January to 30 months in prison, and 18 months in prison. After serving, he was released on parole in August. his sentence.
Businesshala Lee’s fortune is estimated to be $9.8 billion.
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In addition to drug and bribery charges, Lee was accused Samsung last September on allegations of market manipulation and fraud from the 2015 merger between the companies. The trial is expected to run through 2022, but Lee could face additional jail time if convicted.
3.5%. Samsung’s stock fell the same in trading on Tuesday.
Samsung billionaire heir JY Lee sentenced to 2.5 years for bribery (Businesshala)