South Korean prosecutors on Monday sought 12 years in prison for Samsung Electronics Vice Chairman Lee Jae-yong, an heir apparent of Samsung Group, on bribery charges.
Special prosecutors said in the final court hearing that the case was a typical corruption offense based on cozy ties between politicians and businessmen, which severely damages the constitutional value, reports Xinhua news agency.
The prosecutors had been investigating a corruption scandal that led to the impeachment of former President Park Geun-hye.
The team of Park Young-soo, who was named independent counsel in November last year for the corruption case, demanded 12 years of imprisonment for Vice Chairman Lee, while asking 7 to 10 years in jail for four other former Samsung executives.
--IANS
mr/
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