Classifieds | Archives | Jobs | About TGT | Contact | Subscribe
 | 
Last updated 3 hours, 56 minutes ago
Printer Friendly Version | TGT@Twitter | RSS Feed |
HOME LOCAL MIDEAST ASIA WORLD BUSINESS SPORT OPINION WRITERS
South Korea seeks 12 years’ jail for Samsung heir
December 28, 2017
 Print    Send to Friend

SEOUL: South Korean prosecutors sought a 12-year jail term on Wednesday for Samsung Electronics Vice Chairman Jay Y. Lee, in a corruption case that led to the ouster of the nation’s president earlier this year.

They made their demand in the Seoul High Court which is hearing an appeal by Lee against a five-year jail term handed out to him in August by a lower court in the case that has gripped the country.

The 49-year-old billionaire heir to South Korea’s Samsung Group was convicted by the lower court of bribing the country’s former president Park Geun-hye. Besides Lee, who has been in detention since February, four former Samsung executives were also charged in the case.

The lower court had ruled the bribe helped Lee strengthen his control of Samsung Electronics, the crown jewel in the country’s biggest conglomerate and one of the world’s top technology firms.

“The defendants say they are concerned about the future of Samsung Group. However, what they are really concerned about is Lee’s loss of control and subsequent economic losses,” special prosecutor Park Young-soo told a packed court of about 150 people.

Lee, in a dark suit and white shirt without a tie at the appeals hearing, earlier on Wednesday denied the bribery charge and also denied recent allegations by prosecutors that he had met Park one-on-one four times, instead of the previously disclosed three times.

The Seoul High Court is expected to rule on the appeal in late January. Whichever side loses could take the case to the Supreme Court, the final court of appeal in South Korea.

The lower court had ruled in August that while Lee never asked for Park’s help directly, the fact that a 2015 merger of two Samsung affiliates did help cement Lee’s control over Samsung Electronics implied he was asking for the president’s help to strengthen his control of the firm.

His lawyers have strongly challenged this logic since appeals hearings began in October.

“The defendants have not once tried to solve issues by colluding with political power and gaining its help. The special prosecution has severely distorted the truth, and that distortion is reflected in the jail term they sought,” said Lee In-jae, Lee’s lawyer, responding to the 12-year jail term demand.

Reuters

Add this page to your favorite Social Bookmarking websites
Comments
 
Post a comment
 
Name:
Country:
City:
Email:
Comment:
 
    
    
Related Stories
US sanctions N.Korean missile experts
WASHINGTON: The United States announced sanctions on two North Korean officials behind their country’s ballistic missile programme on Tuesday, while Russia reiterated an ..
S.Korea seeks US military drill delay for Olympics
SEOUL: South Korean President Moon Jae-In has proposed delaying major joint military exercises with the US until after next year’s Winter Olympics in his country, he said..
Kim vows victory against US
SEOUL: North Korean leader Kim Jong-Un vowed to “win victory in the showdown” against the US with his rapidly advancing nuclear arsenal, state media said on Wednesday, af..
US warns to ‘destroy’ N.Korea regime
WASHINGTON: The United States on Wednesday warned that North Korea’s leadership will be “utterly destroyed” if war breaks out as it called on countries to cut all diploma..
Rein in N.Korea, Trump tells Xi
BEIJING: Donald Trump urged Chinese leader Xi Jinping to work hard and act fast to help resolve the North Korean nuclear crisis during talks in Beijing on Thursday, warni..
FRONTPAGE
 
GALLERY
 
PANORAMA
 
TIME OUT
 
SPORT
 
 
Advertise | Copyright