ã€World Wide Web Reporter Lin Di】 According to the Yonhap News Agency reported that on August 7, local time, allegedly to South Korea's former President Park Geun-hye and his pro-Cui Shun, the vice president of Samsung Electronics Li Zaiyu accepted the final verdict.
Picture: Park Yee-Hui and Lee Jae-Hyun
According to reports, vice president of Samsung Electronics Co., Ltd. Li Zaiyu was sentenced by the prosecutor to 12 years’ imprisonment. The charges included a bribe to former South Korean President Park Geun-hye in order to win government support and consolidate his control over Samsung Group.
The South Korean special inspection team claimed that this is a corruption incident that is typical of the collusion between political and economic people. Its nature violates the principle of sovereignty of South Korean nationals and undermines the value of the economic democratization provisions of the Korean constitution. The defendant was openly lying and arguing in court, and the procuratorial organs must severely punish them. Only in this way can South Korea set an example for future economic development and national unity.
Since February of this year, the 49-year-old Li Zaiyu has been detained on suspicion of taking bribes and misappropriating public funds. This is one of the scandals that led to the fall of Park Geun-hye.
According to the report, Li Zaiqi previously transferred funds from the group to provide support for the equestrian training of Cui Shunshi's daughter, and donated money to the Mir Foundation and the K Sports Foundation. The alleged bribery amounted to 29.8 billion won (approximately RMB 778 million). However, during the court trial, Li Zai denied the fact of the crime and stated that the fund was moved for public welfare purposes.
In contrast, Li Zaiyu defended the lawyer's defense and claimed that the special inspection team had conducted an unreasonable investigation and there was no direct evidence to prove the suspicion. It is expected that the acquittal decision will be made.
However, the special inspection team stated that according to the testimony and indirect evidence of relevant persons, it is sufficient to prove that Li Zaiyi is suspected of accepting bribes.
It is reported that Li Zaiyu’s formal trial lasted from April 7 to the final judgment, and a total of 53 trials were conducted. A total of 59 witnesses attended the event. As the last witness, Park Geun-hye was repeatedly called as a witness during the trial of the Samsung bribery case. This is the third time she has refused to attend. The last two were in the July 19 and August 2 subpoena, respectively, and refused to testify that Lee Sang, the vice president of Samsung Electronics, was involved in the corruption case because of ill health.
Reuters said it is expected that the Korean court will make a final decision in recent days.
It is reported that the ruling of the lower court is expected to end on August 27, when the detention period of Li Zaiyu will end. By then, the case with a rare trial record from the very beginning may have come to a close.
Samsung's influence in South Korea is unusual, and its position as head of staff has also become a mystery!
In the past, when the leaders of South Korea's chaebols encountered trouble, the holding family usually adopted the following two strategies: First, a non-blooded executive was promoted to serve as chairman of the board of directors as a “caretaker†of the company while the family continued to listen to the government. The second is to hand over the highest authority to other relatives.
If Li Zaiyu really goes to jail, then the Samsung leader will face new options, but the outside world believes that due to the absolute control over Samsung, the Lee family can firmly control the company.
It is reported that there are currently three candidates.
The first is Kwon Oh-hyun, co-chief executive of Samsung Electronics' semiconductor and display business. The success of the above two business units helped Samsung Electronics' operating profit last year hit a new high in three years.
Another successor may be Yoon Boo-keun, head of the Samsung Electronics Appliance Division.
Chung Sun-Sup, head of the Korean corporate research website, said that letting Li Jianxi’s eldest daughter, Li Fuzheng, the chief executive of the Xinluo Hotel, take over Li’s position is also a “natural†choice.
According to statistics from Bloomberg, the hotel will continue to achieve revenue growth for six consecutive years. She holds a 5.5% stake in Samsung C&T, one of Samsung Electronics' largest shareholders.
Chung Sun-sup said: “Some people have speculated that she may be in fact taking over. But even a major shareholder does not mean that she has the ability to run a large company such as Samsung Electronics. In practical terms, the right to use may be more appropriate. The candidate,†said Lee Kyung-mook, a professor at Seoul National University, said Li Fuzhen is one of the possible successors. However, she may only play a temporary role.
Taking over the Samsung Group by her daughter will break the Korean tradition. However, Samsung Group is a technology company full of new weather, willing to break the commercial tradition and actively employ female employees.
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