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

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.

Gunfight rages in south Kashmir, one terrorist killed
Indian Army on Monday foiled an infiltration bid and gunned down five terrorist in Machil sector of Jammu and Kashmir . Reports said one was killed , while two others got away during a gunfight in Samboora, Pulwama district.

VTTI does automated vehicle-related testing in Arlington
A man dressed in a costume resembling a auto seat was found to be responsible for reports of a "driverless van" in Virginia. Some had speculated that the vehicle was part of autonomous driving tests that are now being carried out in Virginia.

AP EAMCET 2017 final seat allotment result: Know where to check
According to AP SCHE, the same options, that were given in phase 1 and phase 2, will not be considered for this phase. Candidates who appeared for AP EAMCET 2017 final seat allotment can check the result once it is out.

Memo on women crossed line, offensive: Google CEO Pichai
For now, most of these companies are still dominated by white or Asian men, but more companies are working to change that. Tim Miller, co-founder of the America Rising PAC, said Damore is being banished for "thought crimes".

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.

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.

Balchem Corporation (NASDAQ:BCPC) Getting Somewhat Favorable Media Coverage, Analysis Shows
The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink . Tower Research Capital LLC (trc) expanded its holdings by buying 86 shares an increase of 113.2% as of 03/31/2017.

Insurer That Benefited From Wells Fargo Abuses Defends Practices
Starting this month, the bank said it planned to send letters and refund checks to customers who are due additional payments. The San Francisco Fed's current reported investigation centers around guaranteed auto protection insurance, known as GAP.

Britain's most senior judge calls for Brexit clarity
Speaking on the Today programme, on BBC Radio 4, Mr Paterson said a body should be set up which "parallel and mirrors" the ECJ. Another long-time Brexit supporter, Iain Duncan Smith MP, has said the ECJ was "an illegitimate challenge to our sovereignty".

© 2015 ExpressNewsline. All Rights reserved.