Corporate leaders came to limelight
for wrong reasons in recent past. Alibaba Founder Jack Ma was disappeared since
3 months. Mark Zuckerberg has targeted in social media for new whatsapp privacy
guidelines.
In India, Ambani and Adani groups were targeted by farmers on new
farm bills. Many countries banned Chinese popular app Tik Tok blaming on
security reasons. Now, it’s the turn of Korean tech giant SAMSUNG.
Lee Jae-yong, heir of Samsung and son
of deceased company chairman, has been sentenced to 2.5 years in prison. The
verdict comes after a three-year-long trial over allegations that the man tried
to bribe a person from the President’s office. Samsung Vice-Chairman Lee
earlier in 2017 was sentenced to 5 years in prison for bribing a friend of
ex-president of South Korea Park Geun-hye. Later, the sentence was suspended in
2018 by an appeals and Apex court ordered to be reviewed in 2019.
Lee was charged with bribery,
embezzlement, hiding the assets in overseas and perjury. He was accused of
paying $43 bn to two NGOs for political favors. These favors were allegedly related
to backing Samsung hostile merger. That made Lee to become the head of
conglomerate. Samsung top executive denied the charges against him but agreed
that he made donations. Finally, Supreme Court sends Lee back to jail for 30
months. Samsung board has decided to sideline Lee from major decisions made by
the company.
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