Prosecutors seek 12 years' jail for Samsung scion

South Korean prosecutors have announced they're seeking a 12-year prison sentence for Samsung chief Jay Y Lee, a figure at the heart a major national scandal.
Lee Jae Yong moves to a prison van after finishing the final day of his trial yesterday.
Lee Jae Yong moves to a prison van after finishing the final day of his trial yesterday.PHOTO: EUROPEAN PRESSPHOTO AGENCY

Court to give ruling on Aug 25; Lee Jae Yong denies wrongdoing in tearful speech

SEOUL • Samsung Electronics vice-chairman Lee Jae Yong fought back tears and denied wrongdoing on the last day of his trial yesterday 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.

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 on Aug 25, two days before his current period of detention ends.

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

"I have never asked anyone, including the president, for anything for the company or my personal gain," said Lee in a final statement, his voice wavering.

He stopped several times during his speech, holding back tears.

"I deeply regret that I have given such disappointment and apologise," he said.

The prosecution has said Samsung's intent in paying up for two funds backed by Park, and sponsoring the equestrian career of the daughter of her confidante at the centre of the scandal, was to get government support for efforts to cement Lee's control of the smartphones-to-biopharmaceuticals empire.

"Even though Lee is the ultimate receiver of the gains (from this bribery case), he has been pushing the blame on others accused," prosecutor Park Young Soo told the court.

The prosecutor also sought jail terms for other Samsung executives related to the case, including 10 years for Choi Gee Sung, former head of Samsung's corporate strategy office.

The defence reiterated Lee's denial of wrongdoing, questioning whether the prosecution was relying on public sentiment to secure a prison term for Lee, 49, whose father, the group's patriarch Lee Kun Hee, was hospitalised in 2014.

He has not been seen in public since.

Lee Jae Yong's lawyers argued that his so-called overarching intention of cementing ownership control was "a fictional construct" made up by prosecutors, with moves such as the merger of two Samsung affiliates in 2015 aimed merely at ensuring survival and growth of individual companies.

If Lee is found guilty it will be a blow for former president Park, who is on trial separately on 18 charges including bribery, coercion and abuse of power following her dismissal from office in March.

Park was formally impeached after public uproar over her questionable ties with confidante Choi Soon Sil sparked mass nationwide protests for months. Choi is also on trial for using her presidential ties to force top South Korean firms including Samsung to "donate" nearly US$70 million (S$95.4 million) to non-profit foundations which she controlled.

REUTERS, AGENCE FRANCE-PRESSE

A version of this article appeared in the print edition of The Straits Times on August 08, 2017, with the headline 'Prosecutors seek 12 years' jail for Samsung scion'. Print Edition | Subscribe