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Prosecution seeks 12 years conviction for Samsung Vice chief

Latest Update: August 7, 2017 | 316 Views
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SEOUL: Samsung Electronics Vice Chairman Jay Y. Lee fought back tears and denied wrongdoing on Monday as prosecutors sought a 12-year jail term on charges that include bribing the former president to help cement control of the South Korean tech giant.

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Lee, the de facto leader of one of Asia’s largest conglomerates, has been in detention since February on trial for charges ranging from embezzlement to perjury, in a scandal that gripped the country for months and led to the ouster of former president Park Geun-hye.
He will face the longest prison term on record for a South Korean conglomerate executive if the court finds him guilty when it makes a ruling Aug. 25, two days before Lee’s current period of detention ends.

Other charges he faces include wrongfully transferring assets overseas and hiding the proceeds of a crime
Reuters