The vice chair and heir of Samsung will be back behind bars after a bribery and embezzlement sentence handed down by a South Korean appeals court, clouding the future leadership of the tech giant.Lee Jae-yong was taken into custody for a two-and-a-half year term – the latest development in a three year-plus legal saga that has roiled Samsung and was part of a larger corruption scandal that brought down the government of former President Park Geun-hye.
Two other executives of the multinational received the same sentence, according to press reports.Shares of Samsung, which are traded on the Korea Stock Exchange, fell nearly 4%.Lee, the son of late Samsung chairman Lee Kun-hee, was originally found guilty of bribery in 2017.
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