Some interesting news come from South Korea as a special prosecutors’ team asked today for a 12-year jail term for Samsung Group Vice Chairman Lee Jae-yong on bribery and embezzlement charges.
The 49-year-old Samsung heir is suspected of offering a combined 43.3 billion won (US$38.40 million) to former President Park Geun-hye’s long-time confidante Choi Soon-sil in return for business favors.
“This is a typical corruption case involving conglomerates and political powers that undermines the values of the constitution of our democracy and rights of the public,” a prosecutor said during the last hearing held in Seoul on the day.
Prosecutors also sought a 10-year prison term for Lee’s top aides Choi Gee-sung, former chief of Samsung’s control tower office Future Strategy Office, Chang Choong-ki, former director at the office, and Park Sang-jin, a former Samsung Electronics executive who served as chairman of the Korea Equestrian Federation, all facing trial for their alleged involvement. The prosecution also demanded a seven-year prison term for Hwang Seong-soo, another Samsung executive who served as vice chairman of the equestrian federation.