Prosecutors want 7 years for former chairman of Samsung

Posted in Koreas | 10-Jul-08 | Source: International Herald Tribune

Lee Kun-hee (C), former Samsung Group chairman, leaves after his trial as reporters ask him questions at a Seoul court July 10, 2008.

SEOUL: Prosecutors have requested that a South Korean court sentence former Samsung Chairman Lee Kun-hee to seven years in prison for tax evasion and other charges.

The prosecutors also demanded that Lee be fined 350 billion won (US$350 million) in a hearing Thursday at the Seoul Central District Court.

The Seoul court was expected to deliver its verdict and sentence on Lee as early as next week after reviewing the prosecution demand.

The probe against Lee and Samsung was prompted by allegations raised by a former company lawyer that Samsung created a large slush fund to bribe prosecutors, officials and other influential figures.