Friday, August 25, 2017

Samsung heir Lee Jae-yong faces verdict in his bribery trial


A court in Seoul is set to decide whether the billionaire heir-apparent of the Samsung conglomerate will be jailed for corruption.Lee Jae-yong is facing accusations of bribery linked to a scandal that triggered the impeachment of South Korea's former president.
Prosecutors are asking for a 12-year jail sentence. He denies all charges.
The case has gripped the public amid growing anger against South Korea's biggest companies, known as chaebols.Mr Lee, also known as Jay Y Lee, has been detained since February on a string of corruption charges including bribery, embezzlement and hiding assets overseas.
He stands accused of giving donations worth 41bn won ($36m; £29m) to non-profit foundations operated by Choi Soon-sil, a friend of South Korea's former President Park Geun-hye, in return for political favours.Prosecutors alleged that the donations were made to Ms Park's confidante to win government support for a big restructuring of Samsung that would strengthen Mr Lee's control over Samsung Electronics.

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