December 27, 2017 / 7:59 AM / 25 days ago

South Korean prosecutors seek 12-year jail term for Samsung heir Lee

SEOUL (Reuters) - South Korean prosecutors on Wednesday sought a 12-year jail term for Samsung Electronics (005930.KS) Vice Chairman Jay Y. Lee on appeal after a lower court sentenced him to five years in August for bribery in a case that rocked the country.

    The Seoul High Court is expected to rule on the case in late January. Lee, the 49-year-old heir to one of the world’s biggest corporate empires, has been detained since February on charges of corruption.

    Reporting by Joyce Lee; Editing by Nick Macfie

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