South Korean prosecutors seek 12 year prison term for Samsung chief

Prosecution demands 12 years in prison for Samsung's Lee

The move came hours before prosecutors demanded a 12-year jail term for Lee's son and Samsung Electronics Vice Chairman, Jay Y. Lee, over bribery and other charges.

Lee has been indicted on charges of offering or promising some 43-point-three billion won worth of bribes to former President Park Geun-hye and her friend Choi Soon-sil.

The scandal led to South Korea's former president Park Geun-Hye's ouster.

The 49-year-old heir to the sprawling business empire is also accused of embezzlement, hiding assets overseas, concealment of criminal proceeds and perjury.

The prosecution argued that the defendants violated constitutional values in a typical collusion between the political power and businesses. Prosecutors believed that the bribery was offered in exchange for government help with a merger that strengthened Lee's control over Samsung at a crucial time for organizing a smooth leadership transition after his father fell ill.

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South Korean police on Monday raided a management office for residences of Samsung Electronics Chairman Lee Kun-hee and his family over alleged misappropriation of company funds used to pay for interior renovations, they said.

The court plans to deliver its ruling on Lee and his executives at 2:30 p.m. on August 25, which will likely affect the ongoing trials for Park and Choi.

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

Prosecutors also are seeking heavy penalties for four other former Samsung executives who had belonged to a once-powerful corporate strategy office that handled such activities.

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