Seoul, Aug 14 (DPA) A Seoul court Friday found Samsung Group’s former chairman Lee Kun Hee guilty of breach of trust over a bond deal and sentenced him to a suspended three-year prison term and a fine of 110 billion won ($89.2 million).
The Seoul High Court ruled that Lee caused damage to a Samsung company because he betrayed his duty over illegal sales of bonds in 1999 by Samsung SDS, an unlisted technology company, aimed at passing control of Samsung to his son Lee Jae Yong.
The judge said the charge that illegal sales of bonds at below market price incurred 22.7 billion won ($18 million) in losses at Samsung SDS was proved.
The judge said that considering his contribution to society, Lee would not have to go to jail if he stays out of trouble for the next five years
Read more: http://www.thaindian.com/newsportal/business/former-samsung-chief-found-guilty-over-bond-deal_100232278.html#ixzz0V8ZSLhSR
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