Samsung leader Li Zairong's bribery case may end with two years and six months' penalty.
According to the latest news from Yonhap, the four-year bribery case of Li Zairong will come to an end. On January 25, Li Zairong, vice president of Samsung Electronics, said he would obey the retrial judgment of the bribery case and decided not to appeal.
It is reported that in February 2017, in order to inherit the operation right of Samsung, Li Zairong was prosecuted for bribing 29.8 billion won to then President Park Geun hye and his close friend Cui Ruiyuan.
It is understood that in this case as long as four years of trial. The court of first instance found Li Zairong guilty of bribery and sentenced him to five years' imprisonment, while the court of second instance reduced him to two and a half years' imprisonment and four years' probation.
In August 2019, the Supreme Court of South Korea, in its final judgment, rescinded the judgments of the court of second instance against Li Zairong, park Geun hye and Cui Ruiyuan, and sent them back to the Seoul high court for retrial.
In October last year, the Seoul High Court of South Korea held a court session and tried again the bribery case of Lee Jae Jung, vice president of Samsung Electronics. The independent prosecution team asked the court to sentence Lee Jae Jung to nine years' imprisonment.
On the 18th of this month, the Seoul High Court re tried and sentenced Li Zairong to two years and six months' imprisonment for bribery. Li was arrested in court.
In response to the verdict, Li said that he would accept the verdict with an open mind and decided not to appeal. However, a relevant person of the independent procuratorial group said that Li's abandonment of the appeal does not mean that the prosecution will not protest, and internal discussions are under way on whether to file a protest.
Since the appeal period of the case is up to 25 days, if the independent prosecution unit does not file a protest, the retrial judgment against Li Zairong will come into effect, and the four-year bribery case of Li Zairong will come to an end.