Ex-Samsung chief handed 3-year suspended jail term

Former Samsung Group chief Lee Kun-hee, one of South Korea's most powerful businessmen, was handed a 3-year suspended jail sentence on Wednesday for tax evasion, but was cleared of other charges.
The court also fined Lee 110 bln won ($109 mln), but cleared him of charges of breach of trust and illegal issuance of convertible bonds.
His jail sentence was suspended for five years.
The decision not to incarcerate Lee was widely expected and comes only a month after the head of world's No. 6 automaker, Hyundai Motor, was also given a three-year suspended jail sentence after being found guilty of fraud.
"We ruled against an actual jail sentence as the degree of illegality was not significant enough," Judge Min Byong-hoon said.
South Korean prosecutors had sought a seven-year jail term and a 350 bln won fine for Lee, who led the country's biggest conglomerate for nearly 20 years.
But analysts and experts had expected Lee to escape prolonged jail time because judges have often been lenient to corporate leaders convicted of white collar crimes on the basis that putting them behind bars could hurt business.