The 76-year-old CEO-turned-president, who served from 2008 to 2013, was found guilty on charges including bribery and embezzlement and ordered to pay a fine of 13 billion won ($11.5 million) by the Seoul Central District Court.
"Bringing everything into consideration, heavy punishment for the accused is inevitable," said a judge during the trial that was live televised.
Lee was not in attendance, citing ill-health. The former South Korean leader was indicted in April on 16 charges that included bribery, embezzlement and abuse of power.
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