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takyon [soylentnews.org] writes:

Samsung Electronics Vice Chairman Jay Lee could face 12 years in prison if found guilty on August 25th [reuters.com]:

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.

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.

Previously: Warrant Sought for the Arrest of Samsung's Vice Chairman [soylentnews.org]
Samsung Vice Chairman a Suspect in South Korean Presidential Bribery Probe [soylentnews.org]
President Park Geun-hye's Impeachment Upheld as South Korea's "Trial of the Century" Begins [soylentnews.org]

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