Samsung’s heir may have to serve imprisonment up to 12 years for bribery if prosecutors get their way.
During the final hearing in the trial of Lee Jae-Yong, vice-chairman of Samsung Electronics, prosecutors called him the "ultimate beneficiary" of crimes committed in the scandal which led to the impeachment and dismissal of President Park Geun-Hye.
As per Reuters, the company’s Vice President Jay Y. Lee was seen teary eyed in court on Monday as he disaffirmed any wrong doing.
The accusations against Lee Jae-Yong are quite serious. Lee is accused of bribing former president Park Geun Hye, a scandal which led to the expel of the South Korean leader from the company, and also faces charges of fraud and perjury.
He had been in detention since February, but will have to wait a few more weeks for the court to deliver its final verdict on August 25. The verdict will be decided by three judges rather than a jury, and as is traditional in South Korean courts, the sentence will be decided ahead of the verdict.
"I have never asked anyone, including the president, for anything for the company or my personal gain," said Lee in court.
"We have an opportunity to establish the rule of law," special prosecutor Park Young-soo said, according to Bloomberg. "The defendants have colluded with power to seek personal interests, turning their backs on people's wish to shed light on the truth behind the scandal."
Samsung did not respond to a request for comment.