World Samsung heir Lee Jae-yong released from prison on appeal – TODAY.NG

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Samsung heir Lee Jae-yong, also known as Jay Y. Lee in the West, has been released from prison after a successful appeal.

Lee had been sentenced to five years back in August after being found guilty of perjury, embezzlement, and bribery by a three-judge panel of Seoul Central District Court.

In addition to receiving a suspended prison sentence today, Lee’s prison term was reduced to two-and-a-half years, though he’s free to go on four years probation, according to Bloomberg.

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