Korean prosecution seeks 12-year jail term for Samsung heir

Nichole Vega
August 8, 2017

South Korean prosecutors on Monday demanded a 12-year jail term for Samsung Electronics vice chairman Lee Jae-Yong over a national corruption scandal. She could face life in prison. "I have never asked anyone, including the president, for anything for the company or my personal gain", he said.

Special prosecutor Park Young-soo's independent counsel team, formed specially to investigate a massive corruption scandal that led to the country's first ever impeached president, demanded the jail sentence at Lee's final trial held at the Seoul Central District Court.

The undertrials had continued false statement and excuse during the past court hearings that lasted for over five months, according to the special prosecutors.

A Samsung Group spokeswoman said it had no comment on the prosecutors' request.

The final verdict is to be delivered on August 25th, and the ruling is likely to have a critical impact on the ongoing trials of former President Park and her confidante Choi. Both Park and Choi have refused to testify at Lee's trial.

In Lee's absence, Samsung Electronics reported record quarterly earnings in late July. Prosecutors believed that the bribery was offered in exchange for government help with a merger that strengthened Lee's control over Samsung at a crucial time for organizing a smooth leadership transition after his father fell ill.

Samsung's lawyers do not contest having donated a large sum of money to the entities controlled by Choi.

The merger was opposed by many shareholders, but went through after the national pension fund - a major Samsung shareholder - approved it. The prosecution has described him as the "ultimate beneficiary" of alleged bribes to Choi Soon-sil, a friend of the former head of State.

Lee has insisted he played no part in decisions concerning the wider Samsung group and "mostly listened to other executives".

Other reports by AllAboutTopnews

Discuss This Article