The Korea Herald

지나쌤

Court suspends custody of CJ chairman

By Kim Yon-se

Published : Aug. 21, 2014 - 20:41

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A Seoul court on Thursday again accepted a request from the convicted chairman of food and entertainment conglomerate CJ Group for a temporary release from jail for hospital treatment.

The Seoul High Court decided to suspend the confinement of Lee Jay-hyun, who was found guilty of various corruption charges, for the next three months, citing his poor health.

But Lee’s place of stay will be limited to Seoul National University Hospital until Nov. 21, the court said.

In a lower court ruling earlier this year, the 54-year-old tycoon was sentenced to four years in prison for misappropriating some 160 billion won ($150 million) in company assets to offshore slush funds and dodging taxes in the process.

The court, however, did not immediately lock up Lee, the country’s 10th richest man, saying that he is not a flight risk.

Lee, who has undergone an organ transplant, claims that he suffers from multiple illnesses such as Charcot-Marie-Tooth disease, high blood pressure, high cholesterol and a kidney disease.

Charcot-Marie-Tooth disease is an inherited neurological disease characterized by slowly progressive degeneration of muscles in the feet, lower legs and hands.

The chairman is currently undergoing an appeals trial. (Yonhap)