LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » World News

If convicted, Samsung's Lee could be c/o Uijeongbu Prison

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Updated: Thu, Aug 24, 2017
04:43 am
Reuters
RELATED NEWS
Monetary Policy announcements exhibit continuity and stability - Expert Ajay Bagga tells Anil Singhvi Monetary Policy announcements exhibit continuity and stability - Expert Ajay Bagga tells Anil Singhvi
RBI Monetary Policy Review: Shaktikanta Das led panel keeps policy rates unchanged RBI Monetary Policy Review: Shaktikanta Das led panel keeps policy rates unchanged
Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details
Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities
#GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here #GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here

If convicted and given a jail sentence, home for Jay Y. Lee, the billionaire de facto head of South Korean conglomerate Samsung, could be a crowded prison set in wooded hills just to the north of Seoul, where disgraced politicians and business leaders have previously served time.

Lee, who has been tried on charges ranging from bribery to perjury in a scandal that triggered the dismissal from office of the country`s ex-president Park Geun-hye, will hear the verdict of a lower court on Friday. Prosecutors are seeking a 12-year jail term.

The 49-year-old Samsung scion denies wrongdoing, and would almost certainly appeal any conviction, with his case likely to be fast-tracked to the Supreme Court for a final ruling, probably next year.

In the event, then, of an upheld conviction, Lee would likely follow a route to Uijeongbu Prison taken previously by a former prime minister and the heads of the SK and Daesang conglomerates, among others.

If sent to Uijeongbu, Lee would likely be held in a single cell, equipped with a TV, shelving, coat rack and electric fan.

Prisoners are expected to work - tending the flower garden is seen as a popular choice, said a prison official, who didn`t want to be named as he is not authorised to speak to the media - and he would be allowed to exercise outdoors for an hour a day.

They can also take up study courses in English or Japanese, and attend religious services. Chey Tae-won, the convicted SK chairman, dedicated a book he published while at the prison "to the Lord".

Lawyers said white-collar crime inmates often reduce their manual work time by having "special meetings" with visitors, which can be granted at the discretion of the prison warden.

Directing operations at Samsung Electronics, the world`s leading smartphone and memory chip maker, from prison, though, would be a challenge as most visits are restricted. Previous conglomerate, or chaebol, heads relied on leadership committees to mind the shop while they served their sentences.

For now, pending this week`s lower court verdict, Lee remains in the Seoul Detention Centre where, since February, home has been a 6.56 square meter (71 square foot) cell, with a partitioned toilet. Meals are simple, normally rice and side-dishes, and cheap, costing 1,443 won ($1.26).

The centre, in a Seoul suburb near apartments built by Samsung C&T and stores advertising Samsung Electronics` smartphones, is the country`s third-most crowded correctional facility.

A justice ministry official told Reuters that Lee could ask to be transferred - possibly to the newer 12-floor Seoul Eastern Detention Centre, which local media say has basketball courts, elevators and wall-mounted flat-screen TVs. A former top aide to ex-president Park, on trial for corruption, recently moved to the new Seoul facility.

While preparing the lengthy appeal process, previous high-profile inmates have hired so-called `butler lawyers`, who stay with detained clients for hours a day to get them out of their cells and into the more comfortable visitors` rooms.

Justice ministry data show SK chairman Chey had more than 1,600 meetings with his lawyers during his 17-month detention in 2013-14 - more than three meetings every day.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Economy
RELATED NEWS
Monetary Policy announcements exhibit continuity and stability - Expert Ajay Bagga tells Anil Singhvi Monetary Policy announcements exhibit continuity and stability - Expert Ajay Bagga tells Anil Singhvi
RBI Monetary Policy Review: Shaktikanta Das led panel keeps policy rates unchanged RBI Monetary Policy Review: Shaktikanta Das led panel keeps policy rates unchanged
Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details
Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities
#GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here #GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here

LATEST NEWS

NEW RESTRICTIONS in Maharashtra from 8 PM TOMORROW, CM Uddhav Thackeray says in his address to the STATE

CBSE Board Exams 2021 – Students just cannot afford to miss what happened in this official meeting as calls to cancel exams get louder

Yes Bank Share price can multiply 2x to 3x over this period, says expert

Stock market holidays April 2021: BSE, NSE to remain closed tomorrow, next holiday on THIS day

Madhya Pradesh Board Exam News 2021: MPBE Class 10 class 12 board exams postponed - check revised date sheet, all other details here

CBSE Class 10 Class 12 Board Exam Latest News: Will government CHANGE CBSE board exam 2021 date sheet - check all details here

Bihar Police constable PET final result 2021: CBSC declares result on csbc.bih.nic.in; steps and direct link here

Happy Baisakhi 2021: On WhatsApp, send your best wishes, messages, quotes and more to family and friends

Chaitra Navratri 2021: Know Puja timings, Kalash Sthapna, significance and other details

Media giant Khaleej Times enters into entertainment business with its deal with innovative platform FilMe

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved