Samsung Chief Jay Y Lee seeks a 12-year jail term over charges of embezzlement

South Korean prosecutors on Monday sought a 12-year jail term for Samsung Electronics Vice Chairman Jay Y Lee, over charges including allegedly bribing ex-President Park Geun-hye for government support to cement Lee's control of Samsung Group.

Samsung's Jay Y. Lee was arrested in the graft scandal. Reuters

Samsung's Jay Y. Lee was arrested in the graft scandal. Reuters

Lee, 49, has been in detention since February, and on trial for charges including bribery and embezzlement as part of a scandal that led to Park's ouster. Lee has denied any wrongdoing. The lower court ruling is expected by 27 August, when Lee's current detention period ends.

Earlier this year, Samsung Group scion was questioned by South Korea's special prosecutor for more than 15 hours as part of an investigation into a graft scandal that had toppled President Park Geun-hye. It is believed that, even though he languishes in a jail cell, he is allowed plenty of visitors, which may allow him to play a key role in corporate decisions even if he isn't running the conglomerate like he did before.

Moreover, Lee has been kept well away from other inmates at the Seoul Detention Centre. For various hearings witness list has included the who's who of South Korea's business elite, for instance Samsung Electronics vice-chairman and chief-in-waiting Lee Jae-Yong, Hyundai Motors chairman Chung Mong-Koo and Lotte chairman Shin Dong-Bin.


Published Date: Aug 07, 2017 12:37 pm | Updated Date: Aug 07, 2017 12:37 pm