. Earth Science News .
TRADE WARS
Prosecutors appeal against ruling on Samsung heir
by Staff Writers
Seoul (AFP) Aug 29, 2017


Prosecutors on Tuesday demanded a harsher punishment for the heir to the Samsung empire, appealing against a court ruling that sentenced him to five years in prison for bribery.

Lee Jae-Yong, the de-facto head of Samsung Electronics, was found guilty last week of bribery, perjury and other charges related to payments made by Samsung to ousted president Park Geun-Hye's secret confidante Choi Soon-Sil.

Four other top Samsung executives were also convicted, with two jailed for up to four years, and the other pair given suspended terms.

The prosecutors appealed part of the verdict that found Lee innocent of some of the bribery charges and said the punishment meted out to the five accused was too mild, Yonhap news agency said.

"In light of the roles the five accused played in the crime, which was the most outstanding among all wrongdoings committed by Park and Choi... the lower court ruling was too lenient", the prosecutors were quoted as saying in the appeal.

A day earlier, lawyers for Lee filed their own appeal against the conviction, claiming he is innocent of all charges.

In total 8.9 billion won ($7.9 million) was paid in bribes in return for favours including government support for Lee's hereditary succession at the group after his father was left bedridden by a heart attack in 2014, the court found.

Samsung is by far the biggest of the chaebols, as the family-controlled conglomerates that dominate Asia's fourth-largest economy are known, with its revenues equivalent to around a fifth of the country's GDP.

But while the economy is still growing, frustrations have mounted over inequality and the demonstrators who mounted giant candlelit protests against Park last year also targeted Lee and other chaebol chiefs.

ckp/amu

SAMSUNG ELECTRONICS

TRADE WARS
China's Xi calls for more imports and more 'open economy'
Beijing (AFP) July 18, 2017
Chinese President Xi Jinping has called for an increase in imports and fewer restrictions for foreign investors as Beijing comes under pressure from the US and Europe to provide a more level playing field for companies in the country. Donald Trump has railed against China's massive trade surplus while the European Union and US companies have complained about a lack of access to the huge mark ... read more

Related Links
Global Trade News


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


Comment using your Disqus, Facebook, Google or Twitter login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

TRADE WARS
Divided US embraces floods as chance to pull together

Harvey versus Katrina: a world of differences

On Katrina anniversary, New Orleans braces for Harvey

No guns, no smoking: Storm shelter Texas-style

TRADE WARS
Clamping down on causality by probing laser cavities

Rare-metals in the Himalayas: The potential world-class treasure

Why does rubbing a balloon on your hair make it stick?

Making 3-D printing safer

TRADE WARS
Risky business for fish in oil-polluted reef waters

Japanese seaweed is welcome invader on US coasts: study

Climate change deepens threat to Pacific island wildlife

Coral skeletons may resist the effects of acidifying oceans

TRADE WARS
Satellite photos reveal gigantic outburst floods

Methane hydrate is not a smoking gun in the Arctic Ocean

Hidden river once flowed beneath Antarctic ice

Study validates East Antarctic ice sheet to remain stable even if western ice sheet melts

TRADE WARS
Disneyland China falls a-fowl of huge turkey leg demand

France faces worst wine harvest since 1945

Sentinel-1 speeds up crop insurance payouts

Ray of hope for more abundant wheat crops

TRADE WARS
Harvey floodwaters climb as Texas rescuers scramble to find survivors

Heavy rains kill five in India's financial hub

Second storm hits Hong Kong and Macau amid typhoon recovery

Thousands urged to evacuate capital after rains

TRADE WARS
Angolans vote as Dos Santos ends 38-year rule

Death toll in SLeone flood disaster reaches 441

Africa Endeavor 2017 communications conference starts in Malawi

Dalai Lama cancels Botswana trip with 'exhaustion'

TRADE WARS
Elderly just as streetwise as young adults, research shows

Farming, cheese, chewing changed human skull shape

Both chimpanzees and humans spontaneously imitate each other's actions

Research reveals how neurons communicate









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.