![[종합] Lee Jae-yong’s tears repented of pain… Samsung and financial world’panic’ in prison sentence](http://img.lb.inews24.com/facebookexternalhit/face/626x352/image_gisa/202101/1610947633407_1_145639.jpg "[종합] Lee Jae-yong’s tears repented of pain… Samsung and financial world’panic’ in prison sentence")
[아이뉴스24 장유미 기자] Samsung Electronics Vice Chairman Lee Jae-yong was sentenced to jail sentence in a farewell trial for the destruction of Gukjeong Nongdan, and Samsung fell into a’panic’. This is because the’management clock’ was put to zero when facing the bad news of the absence of the total number once again.
The first criminal division of the Seoul High Court (Judge Joon-young Jung) sentenced Vice-Chairman Lee to two years and six months in prison and imprisoned in court on the 18th. It has been about four years since he was prosecuted in February 2017 on charges of bribing former presidents Park Geun-hye and Choi Soon-sil (after the change of name) for help with succession of management rights, etc.
The judges put more weight on the opinions of the special prosecutors than on the opinions of Vice Chairman Lee. At the end of last month, the special prosecutor has sentenced Lee to nine years in prison, citing that other defendants in the Gukjeong Nongdan case, former President Park and Mr. Choi, had been sentenced to heavy sentences. Former President Park was sentenced to 20 years in prison and Choi was sentenced to 18 years.
In addition, it was difficult to avoid imprisonment that the total amount of bribery of Vice Chairman Lee recognized by the Supreme Court was 8.6 billion won. Under the Aggravated Punishment Act for Certain Economic Crimes, embezzlement of 5 billion won or more is imprisoned for life or more than 5 years, and in principle, probation is impossible.
Accordingly, Samsung’s’judicial risk’, which started with the prosecution’s accusation by the Participating Solidarity in November 2016, has come to an end in tragedy. In the meantime, Vice Chairman Lee was summoned to the prosecution 10 times and was investigated, and only three times were examined for the detention warrant. He was prosecuted by a special prosecution and attended more than 80 trials.
Of the total bribery, Choi’s daughter Jeong Yu-ra was sentenced to 5 years in prison for a total of 8.9 billion won, including 7.2 billion won for horseback riding support and 1.6 billion won for the Korea Winter Sports Gifted Center. The second trial judged a significant portion of the amount found guilty in the first trial as innocent, and recognized only 3.6 billion won as a bribe, and sentenced to two years and six months in prison and four years probation. In an appeal, the Supreme Court alliances further admitted some bribery charges and sent them back to the Seoul High Court. The amount of bribery by Vice Chairman Lee recognized by the Supreme Court amounted to 8.6 billion won.
Vice-Chairman Lee’s side appealed for a prejudice with efforts such as apologizing to the public, that some charges were found innocent by the Supreme Court, that it was passive bribery, that it is actively implementing the compliance system, and apologized to the public. I couldn’t escape.
Vice-Chairman Lee also shed tears at the last decision trial and appealed for favor directly, but it was not enough to change the mind of the judge. Vice Chairman Lee said in his final statement, “No matter what happens in the future, I will never pursue personal interests. I will only focus on enhancing the company’s value and contributing to society.” He said, “We will create a compliance system that has no choice but to reject pressure,” he said.
In addition, some predicted that the judiciary would recognize the effectiveness of the compliance committee to some extent, but all went wrong. The court judged that there was a reason to take into account, and it was determined that it could be sentenced to probation through the’crop reduction’, which reduces the sentence at its discretion, but it did not come true as expected.
On this day, the judge ruled, “It is difficult to say that the Samsung Compliance Committee has met the effectiveness,” and “It is inappropriate to reflect this in the sentencing.” This is in line with what the judge emphasized earlier that “the Compliance Committee is not the only sentencing factor, nor the most important sentencing factor.”
As a result of this, Samsung appears to be in considerable shock. Although Samsung may be reconsidered in the Supreme Court for objection to the sentence of repatriation for destruction, it seems that it has lost hope as it is highly likely that the judgment for remand of destruction will be finalized as it has followed the judgment of the conviction of all the Supreme Courts. Under the Criminal Procedure Act, appeals cannot be appealed for unfair sentencing in cases of less than 10 years in prison.
As a result, Samsung faced a first-rate crisis due to the absence of the owner, Vice Chairman Lee. Samsung has been unable to engage in large-scale mergers and acquisitions (M&A) since the acquisition of Harman in 2016 due to the judicial risk surrounding Vice Chairman Lee, and it has been struggling to materialize’New Samsung’.
A business official said, “It will be difficult for the time being to expect a large-scale M&A, as well as an investment and employment plan worth 180 trillion won, and a plan for fostering a system semiconductor business worth 133 trillion won, which requires leadership and determination from the owner.” As Vice-Chairman Lee’s global network contraction is inevitable, there is a greater possibility that Samsung will be negatively affected in the evaluation of external credibility when Samsung is pursuing global investments or M&As.”
Along with concerns that Samsung’s’lost 10 years’ could become a reality, opinions that the nation’s economy is hurting are also coming out everywhere. It is predicted that Samsung will fall out of the competitive ranks due to the loss of opportunity, not preoccupying the opportunity, as management uncertainty peaks due to the sentence of imprisonment in a situation where Samsung must prepare for the future while responding to fierce global competition.
A FKI official said, “Vice-Chairman Lee has been helping to sustain the Korean economy by leading bold investment and job creation amid the coronavirus economic crisis. I am very sorry for the arrest decision,” said “Samsung’s share of the Korean economy, global Considering its status as a company, he said, “I am concerned that Samsung’s contraction in business activities due to this ruling will adversely affect the Korean economy as well as individual companies.”
“A long-term lack of leadership can delay entry into new businesses and rapid decision-making, resulting in a lag in global competition,” he said. “I hope Samsung wisely overcomes this crisis and walks the path of sustainable growth.” Added.
Reporter Jang Yoomi [email protected]