A South Korean court on Friday found former President Park Geun-hye guilty of abuse of power and coercion.
She faces 18 corruption-related charges. The verdict is still being read out in a live televised tria and the final sentence is expected to be delivered within hours, reports the BBC.
Park faces up to 30 years in prison and millions of dollars in fines.
She has consistently denied wrongdoing.
Park, South Korea's first female president who took office in early 2013, became the nation's first elected head of state to be ousted, reports Yonhap News Agency.
She is accused of conspiring with her longtime friend and confidante, Choi Soon-sil, to force 53 firms to donate 77.4 billion won ($72.6 million) to two charitable foundations controlled by Choi.
Park was also indicted for accepting 59.2 billion won in bribes from Samsung, Lotte and SK in exchange for business favours.
She is suspected of having let Choi meddle in state affairs even though she had no official authority and held no post in the government.
The scandal led to a parliamentary impeachment of Park in December 2016. She was formally removed from office by the Constitutional Court on March 10 the following year.
Park did not appear in Friday's sentencing trial.
She has been boycotting the hearing in protest of the court's October decision to extend her incarceration six months.
--IANS
ksk/vm
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
