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>> He was trying to appeal his 5 year prison sentence, instead, he may be looking at 12. South Korean prosecutors urging Seoul's high court on Wednesday to extend jail time for Jay Y Lee, 49 year old billionaire, vice chairman, and heir to Samsung Electronics. It's the latest chapter in South Korea's national scandal, that led to the impeachment of the country's president this year.
Lee was convicted in August for crimes from bribery to perjury, used to strengthen his control over Samsung. He was found guilty of bribing ex-president Park Geun-hye, and giving nearly $40 million for political favors. The case has cast a critical eye over ties between South Korea's political leaders and its elite business families, also known chaebols who for years were seen as almost untouchable.
Even five years is one of the heaviest sentences ever handed down to a chaebol member. In the past, they didn't receive jail terms when they committed crimes. Lee's ruling suggest that's changing, the Seoul high court is expected to rule in the appeal in late January. Whichever side loses could take the case to the supreme court, the final court of appeal in South Korea.