BusinessSEOUL (Reuters) - The billionaire head of South Korea’s Samsung Group, Jay Y. Lee, was jailed for five years for bribery on Friday after a six-month trial over a scandal that brought down the president. One of his lawyers, Song Wu-cheol, said Lee would appeal the lower court ruling. “The entire verdict is unacceptable,” Song said, adding that he was confident his client’s innocence would be affirmed by a higher court. Under South Korean law, sentences of more than three years can not be suspended. The five year-sentence is one of the longest prison terms given to a South Korean business leader.

Source: Sunday Times August 25, 2017 07:07 UTC