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Jailing of Samsung heir raises questions over company's outlook

Lee Jae-yong slapped with five-year sentence for bribery

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Lee Jae-yong, vice chairman of Samsung Electronics, arrives for his trial at the Seoul Central District Court in Seoul on Aug. 7.   © Reuters

SEOUL -- Samsung Electronics Vice Chairman Lee Jae-yong has been sentenced to five years in prison for paying bribes worth 8.9 billion won ($7.9 million) to a friend of then-president Park Geun-hye to win her support for the merger of two Samsung affiliates.

A Seoul district court ruled that Lee approved Samsung Electronics' plan to send 7.3 billion won to Choi Soon-sil, Park's longtime friend, through a German shell company. Some of the money was used to buy horses for  Choi's daughter.

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