Published: Thu, August 10, 2017
Tech | By Dwayne Harmon

Prosecutors seek 12-year sentence for Samsung heir in corruption trial

Prosecutors seek 12-year sentence for Samsung heir in corruption trial

The heir to the sprawling business empire is also accused of embezzlement, hiding assets overseas, concealment of criminal proceeds and perjury.

Lee, vice chairman of Samsung Electronics, became emotional on Monday as he denied ever trying to seek political favours in his final remarks in the four-month-long trial.

"I would never ask the president for something to my own benefit".

The court will deliver its ruling on Lee and his executives on August 25.

In past cases, South Korean courts have often given suspended prison terms to members of the founding families of the chaebol, the big, family-controlled businesses that dominate South Korea's economy.

"I deeply regret that I have given such disappointment and apologise", he said.

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

They sought terms ranging from seven years to ten years for the other accused.

A Samsung spokeswoman declined to comment, but referred to the company's statement in June that the expenses were paid by chairman Lee personally and receipts were issued.

Lee, officially a Samsung vice president, has run the company since his father, then-CEO Lee Kun-hee, had a heart attack in 2014.

According to the prosecution, Choi ensured government approval for deals of major companies.

"We think that Special Counsel made a mistake of relying on the public sentiment", Lee's lawyer said, saying the accusation is only based on Special Counsel's "prejudice" toward Samsung Group and its young heir.

Jae-yong is one of five current and former Samsung executives to face trial in connection with the bribery scandal, but he faces the largest sentence.

Park, who was impeached a year ago, and Choi are also in jail and on trial.

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