A South Korean court has sentenced acting chairman of Samsung, Lee Jae-yong, to five years in prison after finding him guilty of issuing bribes and attempting to exert his position to influence political matters.
The Seoul Central District Court said Samsung's financial support of entities backed by Park's close friend, Choi Soon-sil, constituted bribery, including 7.2 billion won ($6.4 million) in sponsoring the equestrian career of Choi's daughter.
A South Korean court has found Samsung vice-chairman Lee Jae-yong guilty of corruption. Alongside Lee, four other executiveswere convicted and charged; two with four year jail sentences and two received suspended sentences. The five-year sentence is one of the longest prison terms given to a business leader in South Korean history. He also laid some of the blame on Park, saying the former president made "aggressive demands" of Samsung.
In the wake of the corruption scandal - which led to the impeachment of Ms. Park - the current president, Moon Jae-in, campaigned on holding South Korea's corporate empires to account.
Samsung's biggest task now will be to manage its vast business, which accounts for about one-fifth of South Korea's exports, without the "crown prince of the Lee family at the helm", notes The New York Times.
Driven by their belief of Park's innocence over a scandal that brought her down, many protesters, mostly older women and men, turned out for Lee, whose conviction, they believe, would nearly certainly mean a guilty verdict for Park in her trial.
The company will have a prolonged absence of leadership following this conviction, a situation that could impact the electronic giant's future in the tough game.
"The essence of this case is the unethical bond between politics and money", said Judge Kim Jin-dong.
Sources said that the case may end up being decided in the apex court of the country next year and Yong's lawyers are expected to appeal to this judgement. Lee's father was twice convicted and twice pardoned.
Swift has kept a low profile in the recent months and sources have confirmed she's been busy working on tracks for the new album. In the aftermath of the announcement, fans and commenters haven't ceased speculating about what the new album might bring.
Ferrari claims a 0-60 miles per hour time of around 3.5 seconds and a top speed of 198 miles per hour . This is the new Ferrari Portofino , the firm's new entry-level model that replaces the California T .
Recently, we have spotted the same phone in a video where it showcases Touch ID feature at the back panel. With an off-contract price starting at $929.99, the Galaxy Note 8 is not a cheap piece of hardware.
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But he approached the team last month to ask for a trade - in part so he could escape LeBron James' colossal shadow in Cleveland . But the Cavaliers decided that the only appropriate value for Irving lay in the East.
While the DoJ request was legitimately linked to finding troublemakers, it was widely believed that its request was excessive. Dreamhost has agreed that it will comply with any order, under court seal, so it can not be leaked any further.
Saying he's only to miss a game or two would undersell the severity and allow the Giants to force opponents to game plan for him. They ran plays, had receivers catch passes and began preparations for Saturday night's game against the New York Jets .
By noon on Wednesday, the storm caused winds of over 125 kmph, with gusts reaching 208 kmph in some outlying islands. Officials said 153 people were injured in Macau, while in Hong Kong more than 120 were hurt.
The victim was identified as Electronics Technician 3rd Class Kenneth Aaron Smith, 22, who is from New Jersey. The Navy said they discovered human remains in the search for the missing sailors early Monday morning.
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Wall alternated her life between NY and Beijing, but had worked all over the world for a variety of magazines and newspapers. Danish naval authorities launched a rescue operation and Madsen was picked up by a private boat between Denmark and Sweden .
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