SEOUL, Korea, Republic Of — South Korean prosecutors on Wednesday requested a nine-year jail time period for Samsung’s de facto chief, Lee Jae-yong, throughout a retrial of his bribery expenses.
The case is a key factor in an explosive 2016 scandal that triggered months of public protests and toppled the nation’s president.
The event comes as Lee faces immense strain to navigate Samsung’s transition after his father and Samsung Electronics Chairman Lee Kun-Hee died in October at age 78 after years of hospitalization.
Particular prosecutor Park Younger-soo demanded the Seoul Excessive Courtroom sentence Lee to jail. He stated Samsung “extra actively sought illicit advantages” than different companies with regard to the 2016 scandal. Park stated Samsung, which is South Korea’s greatest firm, ought to “set the instance” for efforts to root out corruption.
Lee, 52, vice chairman of Samsung Electronics, was sentenced in 2017 to 5 years in jail for providing 8.6 billion gained ($7 million) in bribes to former President Park Geun-hye and certainly one of her longtime confidants to get her authorities’s backing for his push to solidify his management over Samsung. However he was freed in early 2018 after the Seoul Excessive Courtroom decreased his time period to 2 1/2 years and suspended his sentence, overturning key convictions and lowering the quantity of his bribes.
Final 12 months, the Supreme Courtroom returned the case to the excessive courtroom, ruling that the quantity of Lee’s bribes had been undervalued.
In September, prosecutors individually indicted Lee for alleged inventory worth manipulation, breach of belief and auditing violations associated to a 2015 merger between two Samsung associates that helped strengthen Lee’s management over the group’s crown jewel, Samsung Electronics.
Lee’s attorneys denied the fees, calling them “one-sided claims.” They are saying the 2015 merger was “regular enterprise exercise.”
Hyung-Jin Kim, The Related Press