background introduction
Li Jianxi is the third generation head of Samsung Electronics. His grandfather Li Bing founded Samsung Group, and his father Li Jianxi developed it into one of the largest manufacturers of electronic products in the world. However, Li Jianxi's success did not get him out of trouble. In the past few years, he and his family have been accused of embezzlement and misappropriation of funds many times. This prosecution is the latest development of the charges against them.
Content of accusation
Li Jianxi was accused of corruption, misappropriation of funds, money laundering and other crimes. The most serious accusation is that he gained government support by bribing government officials. It is reported that he is also suspected of bribing a close friend of former President park geun-hye to gain the support of the government. In addition, he was accused of a series of financial irregularities within the company, including misappropriating company funds and misrepresenting financial data.
force of law
If Li Jianxi is found guilty, he will face up to 20 years in prison. In addition, he may be fined tens of billions of won. This will be the biggest fine in Korean history.
Impact on Samsung
Samsung is one of the largest companies in Korea and one of the largest manufacturers of electronic products in the world. Li Jianxi's prosecution will have a far-reaching impact on the company. First, the company's share price has been affected, and its market value has shrunk by billions of dollars. Secondly, the company's image has been damaged, which may affect the company's sales and market share.