Last month, Samsung Electronics dominated the technology industry. However, its de facto leader was doing time in jail in all this time. Lee Jae-yong is the vice chairman and Samsung heir. Nonetheless, authorities arrested him for allegations of bribing the South Korean government officials for the benefit of his own company.
Prosecutors Recommended Seoul Court to Condemn Samsung Heir to 12 Years of Jail
On Monday, prosecutors issued a recommendation directed at a panel of three judges at Seoul Central District Court. According to this ruling, authorities suggested 12 years of imprisonment for Lee Jae-yong, a head executive at Samsung Electronics. As a consequence, the defendant burst into an emotional state and denied any involvement with the South Korean government. The panel will issue the final verdict on August 25.
Lee is the prodigy of the richest family in South Korea and was about to inherit the Samsung empire. He has been held in custody for six months to attend the trial for a corruption scandal. His words after hearing the ruling claimed that his time in jail made him ponder on the situation. His conclusion was that the bigger his company becomes, the rougher conditions it has to deal with.
South Korea Might Be Willing to Show Lee as an Example of What Happens from Now on to Corrupt Businesses
Special Prosecutor Park Young Soo delivered the conclusion of the trial with an association between this recent bribery case and the usual ties between the government and large companies. Back days, such a relationship propelled the country into the industrialization area with the speed of light. However, nowadays such connections can do more harm even for the national economy, and they are categorized as illegal.
Samsung heir might be the first victim of a new, implacable direction that South Korea adopted. The courts used to pardon members of the families that control the economy of the country. Presidents themselves used their influence in some cases to exempt them from imprisonment resorting to their valuable contribution to the country.
Image source: 1