Prosecutors Seek 12-Year Sentence for Samsung Chief

Prosecutors seek 12 years' jail for Samsung heir

Prosecutors seek 12 years' jail for Samsung heir

South Korean prosecutors have recommended imprisoning a billionaire Samsung heir for 12 years if he is convicted of bribery and other crimes in a national corruption scandal.

Lee, vice chairman of Samsung Electronics, became emotional Monday as he denied ever trying to seek political favors in his final remarks in the four-month-long trial.

"We have an opportunity to establish the rule of law", special prosecutor Park Young-soo said, according to Bloomberg.

Samsung's de-facto leader Lee Jae-yong fought back tears as he made a final statement in his trial for bribery and embezzlement.

The special prosecutors' team also demanded jail terms between 7 to 10 years for four other Samsung executives and officials.

"The defendants were closely tied to power and sought personal gains", the prosecutors were quoted by AFP as saying.

The Samsung heir allegedly gave or planned to give a total of 38-million USA dollars to former President Park Geun-hye and her longtime confidante Choi Soon-sil in various forms, including donations to Choi's organizations and a sponsorship of the equestrian training of Choi's daughter.

A panel of three judges at the Seoul Central District Court said they will hand down their verdict on August 25.

South Korean police on Monday raided a management office for residences of Samsung Electronics Chairman Lee Kun-hee and his family over alleged misappropriation of company funds used to pay for interior renovations, they said.

Samsung, whose group revenues are equivalent to nearly a fifth of South Korea's GDP, did not comment on the prosecutors' demand. One such deal was a merger between Samsung's two subsidiaries, Cheil Industries Inc. and Samsung C&T Corporation, which was expected to strengthen Lee's position within the Samsung Group. Both Park and Choi have refused to testify at Lee's trial.

Choi, the former president's confidante, was sentenced to three years in prison in June.

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

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