Samsung’s Lee Jae-Yong denies wrongdoing
While prosecutors sought a 12-year jail term for Samsung Electronics Vice Chairman Jay Y. Lee on Monday, the de-facto leader of the electronics giant insisted that he did nothing wrong.
Lee has been facing trial for a range of charges, including embezzlement and perjury in a scandal that gripped the Asian nation for months as well as caused the ouster of former president, Park Geun-hye.
Other charges that Lee has been facing include wrongfully transferring of assets to other countries and concealing the proceeds of a crime.
Fighting back tears, Lee denied wrongdoing, arguing that he never asked anyone for anything for the company or his personal gain.
In a wavering voice, Lee said, “I have never asked anyone, including the president, for anything for the company or my personal gain.”
Court ruling in the case is expected on August 25th, a couple of days before Lee’s ongoing period of detention ends.
If the court finds him guilty and sentenced him to a 12-year jail term, it would be the longest jail term for a South Korean conglomerate executive on record.
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