Prosecutors seek 12 years prison for Samsung heir for bribery

Prosecutors seek 12 years prison for Samsung heir for bribery

The defense reiterated his denial of wrongdoing, questioning whether the prosecution was relying on public sentiment to secure a prison term for Lee, 49, whose father, the group patriarch Lee Kun-hee, was hospitalized in 2014.

The court is due to rule on Lee's case on August 25.

Moreover, Lee has been kept well away from other inmates at the Seoul Detention Centre.

"I have never asked anyone, including the president, for anything for the company or my personal gain", said Lee in a final statement, his voice wavering.

In his remarks wrapping up the trial, Special Prosecutor Park Young Soo said Samsung's alleged bribery was typical of the corrupt and cozy ties between the South Korea's government and big businesses.

Such dealings once helped fuel the country's rapid industrialization but now increasingly are being scrutinized as illegal and unfair.

Park also accused Samsung officials of lying in their testimonies to protect Lee.

Park was removed from office in March and is being tried separately.

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

He said he is to blame for the controversy but denied bribing Park and Choi to lean on the national pension fund, which held the controlling vote in the publicly traded company at the time, to back the merger.

Other charges he faces include wrongfully transferring assets overseas and hiding the proceeds of a crime. Now prosecutors are calling for a 12-year jail sentence for Lee, charged with bribery and embezzlement, and up to 10-year jail sentences for four other senior Samsung executives.

Seven investigators seized documents on the renovations at the office located near the residences in central Seoul, police said.



Related Posts

Abercrombie & Fitch (NYSE:ANF) Getting Somewhat Positive News Coverage, Report Finds
Stock market analysts and brokers have recently amended their target prices on shares of Abercrombie & Fitch Company (NYSE:ANF). Large investors have recently modified their holdings of the company. 45 funds opened positions while 70 raised stakes.

USA sending dozens more marines to Afghanistan
National Security Adviser H.R McMaster reportedly advised Trump to send more troops to Afghanistan, but this was rejected. The officials also said there is a request for more US air support in Afghanistan, but did not provide more details.

Barcelona Reportedly in Germany to Negotiate Dembele Transfer, But Dortmund Holds Firm
The German club want at least €100million and are in fact holding out for closer to €110million. The 20-year-old forward is on Barcelona's shortlist of players who could replace Neymar.

"Rahul Gandhi missing": Amethi posters declares reward for tracing its MP
In 2015 again, a local leader from Amethi filed a missing complaint with the police to find out the Gandhi scion's whereabouts. He also said that since Rahul Gandhi is the vice president of the party, he can not be available in Amethi at all times.

How Old Will You Be to Witness the Next Total Eclipse?
Today, thankfully, the prediction of solar eclipses is an exact science and far less fraught with risk of decapitation. Another eclipse-chasing flight occurred past year that was at an altitude of 35,000 feet at subsonic speed.

Japan says time for 'effective pressure' on North Korea, not dialogue
The defense report was originally meant to be issued August 1, but that was delayed by the Cabinet reshuffle. ASEAN and China have agreed on a framework for how they will go about drafting a code.

Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) Experiences Light Trading Volume
Over the last five days, shares have faced -1.68% losses and now is up 50.9% since hitting its 200-day moving average of $15.53. State of Wisconsin Investment Board purchased a new stake in Arena Pharmaceuticals during the second quarter worth $410,000.

Miracle operation in India, baby dies in Pakistan
External Affairs Minister Sushma Swaraj had also tweeted a lovely picture of the Pakistani baby boy after the surgery. Pulmonary arteries were coming from the left side which was exactly the opposite of the structure of the body.

Marathon Oil Corporation (NYSE:MRO) Touching Most Active List Today
The rating was maintained by Howard Weil on Thursday, February 4 with "Sector Outperform". (NYSE:COTY) plummeted -1.10% to $19.71. On December 7 the company was rated "Overweight" according to a JP Morgan report which is up from the previous "Neutral" rating.

Putin's visit to Georgia's breakaway region angers Georgia
A North Atlantic Treaty Organisation spokesman said Putin's trip should have been agreed with the Georgian authorities beforehand. Abkhazia and another Georgian region, South Ossetia, have considered themselves as separate from Georgia since the early 1990s.

© 2015 ExpressNewsline. All Rights reserved.