Salem Radio Network News Saturday, December 4, 2021

Business

Seoul court fines Samsung leader Lee for unlawful sedative use – Yonhap

SEOUL (Reuters) – A Seoul court fined Samsung Electronics Co Ltd Vice Chairman Jay Y. Lee 70 million won ($59,461.62) plus a fee for unlawful use of a controlled substance, Yonhap reported on Tuesday.

Seoul Central District Court fined Lee for being administered propofol, a sedative used in anaesthesia, multiple times between 2015-2020, Yonhap said.

Under South Korean law, the recipient of a controlled substance deemed to have been administered illegally is liable for prosecution, as well as those who administered the drug.

Lee has kept a low public profile since his parole in August from a bribery and embezzlement conviction in January. He remains on trial accused of stock-price manipulation and accounting fraud related to the $8 billion merger of two Samsung firms in 2015.

($1 = 1,177.2300 won)

(Reporting by Joyce Lee; Editing by Christopher Cushing)

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