Samsung chief may face 12-year jail sentence

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PV International Desk : The de facto leader of the Samsung business empire could face up to a dozen years behind bars if prosecutors get their way, reports CNN.

They presented their closing argument in South Korea’s trial on the century on Monday, portraying Samsung’s Lee Jae-yong as a savvy tycoon who knew exactly what he was doing when the conglomerate paid tens of million of dollars to entities linked to a confidante of the country’s former president.

“Even though he acknowledges one-on-one meetings with the president, he claims to be merely a victim of the abuse of power,” special prosecutor Park Young-soo said, requesting a 12-year prison sentence for South Korea’s highest profile business leader.