Olympics 2008 News
IOC reinstates Korean Lee with a reprimand (Roundup)
Feb 8, 2010, 4:06 GMT
Vancouver - Former Samsung chairman Lee Kun Hee, who was indicted in 2008 in a financial and tax evasion case, was Sunday reinstated as a member of the IOC.
It follows a decision last year by the South Korean government to pardon Lee.
However the IOC's executive board agreed with the ethics commission recommendation that Lee be reprimanded and suspended from the right to sit on any IOC commission for five years.
The commission said Lee had 'violated the ethical principles set out in the Olympic charter and the IOC code of ethics' and 'has tarnished the reputastion of the Olympic movement.'
Lee was given a three-year prison sentence suspended for five years in July 2008 after being convicted of the charges before being pardoned in December 2009.
Lee's reinstatement will be seen as a boost for Pyeongchang's bid to host the winter Olympics in 2018. The South Korean venue is bidding against Munich and the French resort of Annecy.
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