Prosecutors seek 12-year sentence for Samsung boss in bribery trial

Prosecutors seek 12-year sentence for Samsung boss in bribery trial

Prosecutors seek 12-year sentence for Samsung boss in bribery trial

South Korean prosecutors yesterday demanded the heir to the Samsung empire be jailed for 12 years over his role in the corruption scandal that brought down the country's last president.

The independent counsel had indicted Lee in February on charges of providing or promising some 43.3 billion won ($38 million) to ousted President Park Geun-hye's friend Choi Soon-sil, reports Yonhap News Agency.

Lee became emotional Monday as he denied ever trying to seek political favors in his final remarks in the four-month-long trial.

"Whether it was for my personal profit or for myself, I have never asked the president for any favours", he told the court.

The court said it will announce a verdict for Jae-yong's case August 25.

Mr Lee Jnr had effectively run the group since his father suffered a heart attack in 2014, until his arrest last autumn. "I deeply regret that I have given such disappointment and apologize". One such deal was a merger between Samsung's two subsidiaries, Cheil Industries Inc. and Samsung C&T Corporation, which was expected to strengthen Lee's position within the Samsung Group.

Lee has insisted he played no part in decisions concerning the wider Samsung group and "mostly listened to other executives".

Prosecutors are seeing a 10-year sentence for Lee's mentor Choi Gee-sung, a former vice chairman at Samsung Electronics.

Lee allegedly offered $38m (£29m) in bribes to four foundations, which were setup to support then-President Park's policy initiatives.

A report from the South Korean news agency Yonhap said the Samsung conglomerate, the largest in the country and one that accounts for nearly a third of the value of the stock market, had not made a single statement during the trial.

The younger Lee is the first Samsung boss to be jailed over bribery.

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