Lee Jae-yong: Prosecutors ask court to imprison Samsung heir for 12 years - News Summed Up

Lee Jae-yong: Prosecutors ask court to imprison Samsung heir for 12 years


SEOUL: 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.Prosecutors' recommendation on Monday concludes the four-month-long hearing over the allegations against Lee Jae-yong The 49-year-old vice chair at Samsung Electronics was indicted in February on charges including offering $38 million in bribes to a friend of then-President Park Geun-hye to seek government help in a merger that strengthened his control over Samsung. Park was removed from office and is being tried separately.Lee has denied all charges and distanced himself from Samsung's now-disbanded secretive strategy office that oversaw the merger at the center of the scandal.The charges could entail at least five years in prison if Lee is convicted.


Source: Times of India August 07, 2017 05:59 UTC



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