Samsung’s Vice Chairman Jailed over corruption scandal

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Lee Jae-yong, the vice-chairman of Samsung Electronics, the world’s biggest smartphone and memory chip maker was jailed for two and a half years on Monday over a sprawling corruption scandal, in a ruling that deprives the tech giant of its top decision-maker.

The de facto chief of South Korea’s Samsung business empire was found guilty of bribery and embezzlement and was immediately taken into custody, Yonhap news agency said.

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