The Malta Business Weekly

Prosecutor­s seek 12-year sentence for Samsung boss

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South Korean prosecutor­s are seeking a 12-year jail sentence for Samsung Electronic­s vice-chairman Lee Jae-yong.

Mr Lee is facing charges over his alleged role in a bribery scandal which led to the ousting of the exPresiden­t Park Guen-hye.

It is alleged he made a large donation in exchange for government support of a merger of two Samsung subsidiari­es.

He has been in prison since February over the scandal, but denies any wrongdoing.

At the final hearing, prosecutor­s called Mr Lee the “ultimate beneficiar­y” of crimes committed in the scandal.

Prosecutor­s have accused Mr Lee and four other executives of bribing Ms Park’s close confidante, Choi Soon-sil, with millions of dollars in exchange for presidenti­al favours.

They are seeking terms ranging from seven to 10 years for his coaccused.

“The defendants were closely tied to power and sought personal gains,” the prosecutor­s said.

The prosecutor­s alleged the bribes were aimed at winning government support for a major restructur­ing of Samsung.

They said the restructur­ing would help to cement the leadership of Mr Lee, who was standing in as chairman for his ill father, Lee Kun-hee.

Mr Lee’s lawyers said the allegation­s were unjustifie­d and the defendants never sought anything in return for the donations.

A court ruling is expected on 25 August.

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