Samsung heir Lee may face heavy sentence in S.Korean court
Seoul: South Korean prosecutors are set to seek an exemplary punishment for Samsung Electronics Vice Chairman Lee Jae-yong in the last session of his appellate trial on Wednesday.
Special Counsel Park Young-soo in-charge of the case had earlier demanded 12 years for Lee and seven to 10 years for other executives involved in the largest scam that upset the ruling party and forced the country into fresh election.
The 49-year-old Lee, who heads the largest conglomerate in the country, received a five-year jail term on August 25 on the conviction of five charges, including bribery, embezzlement and hiding assets overseas, Yonhap news agency reported.
He was found guilty of providing $8.19 million in bribes to Choi Soon-sil, a long-time friend and confidante of former President Park Geun-hye.
Four former top Samsung executives -- Choi Gee-sung, former head of Samsung's now-disbanded control tower Future Strategy Office; his former deputy Chang Choong-ki; Park Sang-jin, a former president of Samsung Electronics; and another former President Hwang Sung-soo -- were also convicted of similar charges and sentenced to four years in prison or suspended terms. They have all appealed the rulings.
The Special Counsel was expected to demand heavy sentences for Lee this time again.
The prosecution accused Lee and the others for their involvement in offering bribes to Park and Choi to win government support for a key merger of two Samsung units.
The merger was seen as vital to his control of the business group in order to inherit the leadership from his ailing father Lee Kun-hee.
Lee was arrested in February. Park and Choi were facing separate trials over a string of charges in connection with the scandal that ultimately led to Park's ouster in March.
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Kerala: ED files money laundering case in Sabarimala gold loss case
Thiruvananthapuram/New Delhi (PTI): The Enforcement Directorate on Friday filed a money laundering case in the Sabarimala gold loss case in Kerala, official sources said.
The federal probe agency's Kochi zonal office has registered an Enforcement Case Information Report (ECIR), an ED equivalent of a police FIR, under various sections of the Prevention of Money Laundering Act (PMLA), they said.
The politically sensitive case is already being investigated by a state special investigation team (SIT) under the supervision of the Kerala High Court.
In December, the high court had allowed the ED to undertake an independent investigation into the case after it dismissed objections raised by the SIT against sharing the case information with the central agency.
The SIT is probing two cases related to the gold loss incident and has arrested 11 people so far. The latest to be arrested by the SIT was Kandararu Rajeevaru, the chief priest of the Lord Ayyappa temple.
The other prominent persons arrested in the case by the SIT are Bengaluru-based businessman and prime accused Unnikrishnan Potty and former Travancore Devaswom Board president A Padmakumar.
The ED is expected to soon look for more evidence, question the accused, and it may also go on to attach certain assets of those involved if it finds that they generated "proceeds of crime", according to the officials.
The probe is related to a series of irregularities, including official misconduct, administrative lapses and a criminal conspiracy to misappropriate the gold from the various artefacts of the Lord Ayyappa shrine.
The investigation by the SIT, and now by the ED, is related to the loss of gold from the gold-cladded copper plates of the Dwarapalaka (guardian deity) idols and the door frames of the Sreekovil (sanctum sanctorum) of the temple.
The SIT has informed the High Court that its probe found "a series of serious official misconduct and administrative lapses on the part of the Devaswom officials right from the initial correspondence till the handing over of the door frame plates, connected plates, Dwarapalaka plates and pillar plates to Unnikrishnan Potty without proper authorisation".
It further said in its statement that Govardhan, Pankaj Bhandari, the CEO of Chennai-based Smart Creations, which carried out the electroplating of the artefacts from the temple, Potty and the other accused hatched a criminal conspiracy with malicious intention to misappropriate the gold cladded on the copper plates in and around the shrine.
"It is found during the investigation that all these criminal activities were part of a large conspiracy and an organised crime committed by the accused persons.
"They had a larger plan to dismantle other gold-clad items on the Sabarimala Sreekovil and to extract the gold from them for misappropriation," it said.
