Seoul Court Suspects Samsung's Heirs Prison Sentence

Samsung Group heir, Jay Y. Lee, freed after a South Korean appeals court on Monday (5/2), suspended prison sentences for corruption involving former president, Reuters reported. Lee was detained for one year.

Seoul High Court jailed Lee for 2.5 years, reduced the duration of sentence to half, and postponed sentences for charges, including bribery and embezzlement. That is, Lee does not have to serve a sentence.

Lee, 49, the heir of one of the world's largest corporate empires, has been in detention since February.

President Park Geun-Hye was dismissed in March last year, having been indicted due to a case that highlights the relationship between a large conglomerate family, otherwise known as chaebol in South Korea, with political leaders.

Park (19659002) Chief Judge Cheong Hyung-sik said on Monday that Lee's involvement in providing financial support to Choi was "compliance with political power passively. "

Prosecutors and Samsung did not immediately respond to the verdict. Lee, whose face looked exhausted, did not show any emotion, when the verdict was read.

Prosecutors have demanded a 12-year prison law for Lee. The verdict will be filed for an appeal in the Supreme Court, according to jurists. [fw/au]

Prosecutors demand 12-year prison sentence for Samsung Samsung heir

South Korean prosecutors on Wednesday demanded a 12-year jail sentence for Samsung heir apparent Lee Jae-yong, who insists his innocence during an appeal against bribery and other charges against him.

Lee's bribery case is part of a scandal politics that caused Park Park Geun Hye former South Korean President to be ousted in late March after millions of South Koreans for months took to the streets of anti-government demonstrations.

Park and his partner, Choi Soon-sil, were arrested and charged accusations of taking bribes from Samsung in return for helping Lee strengthen its oversight of Samsung for smooth transition of power.

Prosecutors also accused Park and Choi of pressuring Samsung and other large companies to donate a total of 68 million dollars to the launch of two non-profit foundations controlled by Choi. Samsung, founded by Lee's grandfather, is one of the family-run South Korean conglomerates and has dominated the country's economy.

Some praised Samsung for leading South Korea's export-driven economy and rebuilding South Korea's economy from the devastation caused by the Korean war of the year 1950-53, but others say their success may only be due to a corrupt relationship and collusion with government officials.

According to Lee's lawyer Lee was found guilty of embezzlement, hiding assets abroad and giving false oaths, repeating his rejection of (19659002) Lee, whose official title is Samsung Electronics' vice president, took on a bigger role after his father and Samsung leader Lee Kun-hee suffered a heart attack in 2014. Samsung is the largest maker of smartphones, televisions and microchips in this world. [my/jm]