Korean prosecution seeks 12-year jail term for Samsung heir

Prosecutors seek 12 years' jail for Samsung heir

The South Korean Prosecutor's Office has revealed on Monday that Samsung's heir will be sentenced to 12 years in prison for his contribution in the corruption scandal that led to the resignation of former President Geun-Hye, writes AFP.

At the final hearing, prosecutors called Mr Lee the "ultimate beneficiary" of crimes committed in the scandal.

Lee has been detained since February for, among other charges, giving Choi $38 million in exchange for helping him secure control of the Samsung Group.

The Samsung heir allegedly gave or planned to give a total of 38-million US dollars to former President Park Geun-hye and her longtime confidante Choi Soon-sil in various forms, including donations to Choi's organizations and a sponsorship of the equestrian training of Choi's daughter.

After the prosecution's request for punishment and closing arguments, the court will decide on a date to hand down its verdict, which will likely come before August 27th.

Samsung, whose group revenues are equivalent to nearly a fifth of South Korea's GDP, did not comment on the prosecutors' demand.

In 2015 the group pushed through a merger between two of its units, giving the heir fresh shares in Samsung C&T Corp., a major shareholder in Samsung Electronics.

"I have never asked anyone, including the president, for anything for the company or my personal gain", said Lee in court.

Last week, Lee took the stand for the first time in his defense and denied all the charges.

Choi, the former president's confidante, was sentenced to three years in prison in June. Park accused Samsung officials of lying in their testimonies to protect Lee. Prosecutors allege the money was paid to a company in Germany to bankroll equestrian training for the daughter of a friend of then-President Park Geun-hye.

They said the restructuring would help to cement the leadership of Mr Lee, who was standing in as chairman for his ill father, Lee Kun-hee.

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