Overseas Network, February 17th. According to South Korean KBS News, the Ministry of Justice of South Korea issued an employment restriction notice on the 15th to Samsung Electronics' vice chairman and head of the Samsung Group, Lee Jae-yong, for a period of five years from the end of his sentence.
Considering that Lee Jae-yong will be released from prison in July 2022, he can only take over management affairs again in the second half of 2027.
However, if he applies for a separate application to the Legal Department, he may also be lifted early.
In January of this year, Li Zairong was sentenced to two and a half years in prison for bribery and was re-incarcerated in court.
The court found that Lee Jae-yong paid 8.68 billion won (approximately 51 million yuan) to Park Geun-hye and his cronies, Choi Sun, in exchange for government support for his succession to the Samsung Group.
According to South Korea’s Economic Crime Aggravated Penalty Act, persons who commit corruption and dereliction of duty and the amount of the crime exceeds 500 million won (approximately RMB 2.91 million) shall be executed within 5 years from the date of execution of the fixed-term imprisonment or decision not to execute the sentence. Restrict their employment.
Restricted areas include institutions wholly or partly funded by the central government, institutions that receive government funding or subsidies, and companies that are closely related to criminal acts.
Li Zairong is 52 years old.
In November 2016, he was involved in the case of "trustworthy in politics" and was investigated by the prosecutor.
In addition to the case of "trustworthy in politics", Li Zairong was also prosecuted for illegally inheriting business rights.
(Overseas Network Liu Qiang)