Lee, who denied all charges against him, had faced the possibility of spending 12 years behind bars, so it sounds like he got off fairly easy.
South Korea's president Moon Jae-in reportedly promised to clamp down on the chaebols and on white collar crimes by corporates just before winning a landslide victory in May this year. In other cases of business tycoons under prosecutorial investigation, right-hand executives avoided sentence when their chiefs went to prison, allowing the group to manage business in general until their owners were released. Lee's lawyers are expected to submit an official appeal, so chances are that this case will ultimately be decided by the South Korean supreme court, and that could take a while.
"We can not accept the verdict", said Lee's lawyer Song Woo-chul.
The Lee clan directly owns about 5 per cent of Samsung Electronics shares, but maintains its grip on the wider group through a byzantine web of cross-ownership stakes involving dozens of companies.
Also known as Jay Y. Lee, the executive is technically the "chaebol's" Vice Chairman, but he's been running the company for a few years now after his father suffered a heart attack. South Korean business leaders, including Lee's father, were convicted for corrupt behavior in the past but received lenient sentences. Since his arrest in February, Lee has insisted the payments were made to Samsung without his knowledge, and with no expectation of favours from the Park administration.
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That led one sympathetic journalist to suggest to him he must be proud that he fought back and showed true character. In majors, 31 players have shot 63, including 10 in the Open , but 62 had become untouchable.
Concluding a five-month trial, a panel of three judges found Lee, as well as four other leaders, to be guilty of paying bribes totaling 43.3 billion won (US$38.3 million).
Lee, 49, confirmed in his testimony the company gave millions to Choi's foundations, but he denied Samsung had sought favors in return.
Other former Samsung executives charged with Lee were also found guilty. But the fact these non-profit structures were linked to the Choi Soon-sil, a close friend of South Korea's ex-President Park Geun-hye, became an alarm for the police.
He has been sentenced to five years in prison. Two of them had their sentences suspended. Lee, who was represented by a team of 28 lawyers, has always professed his innocence and will appeal the sentence. Experts previously told CNBC that whatever verdict comes down on the Samsung heir, it will not affect the day-to-day business at Samsung.
Prosecutors have argued that Park and Lee two took part in the same act of bribery so Lee's conviction would appear ominous for Park.
He added that the Republican Party has a "once-in-a-generation opportunity" to redesign the nation's tax laws. Though Republicans occupy 52 seats, they were able to garner only 49 yes votes on the health care bill.
In few weeks, the moon will pass between the sun and earth, creating a lovely image, known as a total solar eclipse. Cleverly. "You end up with a scar at the back of your retina, which is permanent - there's no treatment for it".
Yesterday, Cormier admitted that he didn't try hard enough in the clinch to get Jones off of him, which cost him dearly. Miguel, who writes for DojoDrifter.com and Tiebreaker Times , when asked by BusinessWorld for his thoughts on UFC 214 .
Shrubsole's fifth victim, Deepti had the most ideal ball to hit anywhere she desired, a juicy a good length just outside off. England will be hoping to avenge their loss to India in the opening match of the ICC Women's World Cup last month.
Janel said if the company can not fulfill her store's orders, Valens plans to refund the brides out their own pockets. I was there on Sunday, and next thing I knew I called the store and it kept on ringing and ringing", Moy said.
MAKING THE CUT: For just the second time in six years, at least one club pro will make the cut. "I'd quite like it to play wet". This was followed by an additional four pars before a birdie on the 15th brought him back to level par for the tournament.
Out of the 78 crore phones in India , he said , 50 crore are feature phones that can not be used for Internet or data usage. Mukesh Ambani ( Reliance Industries Chairman) addressed the company's 40th annual general meeting (AGM) today on July 21.
Simpson was convicted of armed robbery after he tried to steal sports memorabilia from Bruce Fromong and his friend in 2007. LaVergne will be with Simpson at Lovelock Correctional Center during the parole hearing , the Associated Press reports.
As of Friday morning, three people have been arrested in connection with the attacks, local Catalan police confirmed on Twitter . In a following counter-terrorist operation, four attack suspects were killed and one died from wounds later.
They were all out for 28.2 overs against Pakistan in Kandy in 1994 and in 34.2 overs against Australia in Pallekele a year ago . Now Sri-Lanka is set to take the reins to chase down a challenging score target as the second innings of the match begins.
Federer snatched a break for 3-2 with a whipping forehand victor and served out with an ace after just 31 minutes. Raonic tried to force the issue with serve and volley, but Federer was ready for that as well.
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For Sri Lanka , meanwhile, this series is more than just a matter of saving face after its heavy losses in the Test series. Rohit dug his bat on the ground, dropped it and couldn't land his foot in the crease before the ball hit the stump.
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But with the entire nation able to watch it on the same day, supplies of eclipse glasses have been selling out incredibly rapidly. The viewing party will then begin at 2 p.m., as Staunton will reach its peak eclipse totality (at around 85%) by 2:40 p.m.
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MASARU CHIBA, a Japanese salesman, said he hopes dialogue between the parties involved can head off a conflict. Moon says he believes dialogue with North Korea can happen when North Korea stops missile and nuclear tests.
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So it's been said that all three of the top three GOP contenders each have their own baggage that they're bringing to this race. Public polling has suggested that the frustration will leave unusual well short of the 50 percent he needs to avoid a runoff.
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Two holes and two double bogeys later, Points tumbled down the leaderboard. " I just didn't believe Bud Cauley stayed around". He tied for fourth in the PGA Championship a year ago , and it felt as though he'd make a run for the top spot this weekend.
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If successful, Spieth will surpass fellow-American Tiger Woods and became the youngest career grand slam victor in golf history. It was the lowest final round in four decades at Firestone Country Club and led to a five-shot victory over Zach Johnson.
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While bowling, off the twelfth ball India bowled, Upul Tharanga hit a well-struck flick straight at KL Rahul at short leg. The 30-year-old confessed India gave away plenty of runs in the second innings which they should have ideally stopped.
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Rather than ease expectations, Musk doubled down on moving up his target for producing 400,000 Model 3 cars from 2020 to 2018. If Tesla can successfully produce and sell that many cars a year, it will outperform BMW , Mercedes, and Lexus in the US.
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Open champion Curtis Strange to tweet: " Jordan Spieth chips in more than anybody I have ever seen other than Watson and Seve". The final group will follow Brooks Koepka and surprise Canadian contender Austin Connelly out on Sunday.
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But he might have already been in a heightened state of awareness in light of recent ambushes of police, they added. WILLIAMS: Arradondo didn't offer details but said Chief Janee Harteau will soon be releasing an updated policy.
Awarding Nobel to Liu was blasphemy: Beijing
A few weeks ago, the Party revealed that Liu was suffering from late-stage liver cancer , almost past the point of treatment. The scene was captured in a 1995 documentary, The Gate of Heavenly Peace , by filmmakers Richard Gordon and Carma Hinton.