An appeal court has freed but not exonerated Lee Jae-yong after he was convicted for bribery involving an ex-president. A South Korean court on Monday suspended a prison sentence for Samsung Group heir Lee Jae-yong, effectively allowing him to walk free after serving a year in custody. The court cut his five-year prison term in half and suspended part of the sentence for bribery and embezzlement charges, thereby cutting his jail time to time-served. Park had denied allegations that she conspired with Choi to extort money and favors from South Korean companies. However, the heir apparent may still have to deal with the stigma of serving jail time on corruption charges involving the president.

Source: Egypt Independent February 05, 2018 08:26 UTC