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Lee Jae-yong, vice chairman of Samsung Electronics and presumed heir to the Samsung empire, has been found guilty of perjury, embezzlement, and bribery in South Korea. The verdict brings a sentence of five years in prison.

Lee was found guilty by a three-judge panel of Seoul Central District Court. The 49-year-old, arrested in February, is the son of the infamous Lee Kun-hee, the incapacitated chairman of the Samsung Group. Due to a tradition of filial piety, the role of chairman may not pass down to Lee Jae-yong until his 75-year-old father actually passes away.

Lee and four other Samsung executives were accused of offering bribes to former South Korean president Park Geun-hye and a confidante of hers, Choi Soon-sil, who is a close…

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