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Samsung Heir Forgoes Appeal of Jail Sentence in Bribery Case

  • Court last week handed Jay Y. Lee a 30-month prison sentence
  • He faces a second trial over merger of C&T, Cheil Industries
Jay Y. Lee arrives at the Seoul High Court on Jan. 18.
Jay Y. Lee arrives at the Seoul High Court on Jan. 18.Photographer: SeongJoon Cho/Bloomberg
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Samsung Electronics Co. de-facto leader Jay Y. Lee has decided not to appeal against a prison sentence, placing him behind bars for the next 18 months during a time of growing global uncertainty.

Lee “humbly accepts” the court ruling, his lawyer said in a statement Monday. A Seoul court last week handed down a 30-month sentence to the billionaire, though he will likely only have to serve 18 months after already having spent a year in prison before he was released in February 2018. South Korean special prosecutors, which had originally sought a nine-year jail term, also decided not to appeal the case, YTN reported, citing prosecutors.