embezzlement and perjury.
lee jae—yong, the de facto head
of the $300 billion business empire
and grandson of the founder,
has been sentenced
to five years in jail.
his lawyers say he will appeal.
so what exactly did he do?
it started with this, donations
worth 36 million us dollars,
that's £29 million, by samsung
to organisations linked
to the former president.
she was removed from office and is
also facing corruption charges.
back in 2015 samsung was trying
to merge two of its businesses.
prosecutors say the aim
was to boost mr lee's personal
power over the company,
which he's been running
since his father became ill in 2014.
prosecutors argued that
the donations were bribes to win
support from the government
for the compa ny‘s restructuring.
the affair has once
again raised concerns
about south korea's business culture
and the huge family—owned
conglomerates known as "chaebols".
they've long been seen as too cosily