Prosecutors Seek 9-Year Prison Term for Samsung Chief Lee Jae-yong

Downloaded from: justpaste.it/3ognb

Prosecutors seek 9-year prison term for Samsung chief Lee Jae-yong South Korean prosecutors on requested a nine-year prison term for Samsung's de facto chief, Lee Jaeyong, during a retrial of his bribery charges

South Korean prosecutors on Wednesday requested a nine-year prison term for Samsung's de facto chief, Lee Jae-yong, during a retrial of his bribery charges. The case is a key element in an explosive 2016 scandal that triggered months of public protests and toppled the country's president.

The development comes as Lee faces immense pressure to navigate Samsung's transition after his father and Samsung Electronics Chairman Lee Kun-Hee died in October at age 78 after

years of hospitalisation. Special prosecutor Park Young-soo demanded the Seoul High Court sentence Lee to prison. He said Samsung more actively sought illicit benefits than other businesses with regard to the 2016 scandal.

Park said Samsung, which is South Korea's biggest company, should set the example for efforts to root out corruption. Lee, 52, vice chairman of Samsung Electronics, was sentenced in 2017 to five years in prison for offering 8.6 billion won (USD 7 million) in bribes to former President Park Geun-hye and one of her longtime confidants to get her government's backing for his push to solidify his control over Samsung...