Former South Korean President Jailed 24 Years For Corruption

A South Korean court on Friday sentenced the impeached President Park Geun-hye to 24 years in jail with a fine of 18 billion won (17 million U.S. dollars) for corruption.
The court found Park guilty of bribery over a scandal that exposed webs of corruption between political leaders and the country’s conglomerates.
The court ruled that Park colluded with her old friend, Choi Soon-sil, to receive tens of billions of won from
major conglomerates such as Samsung and Lotte to help Choi’s family and fund non-profit foundations owned by her.
Park was convicted of collecting or demanding a total of nearly $22 million in bribes from three of South Korea’s top business conglomerates, including Samsung, Lotte and SK.
Separately, she was found guilty of coercing the three companies, and 15 other businesses into making donations worth 72 million dollars to two foundations controlled by Choi Soon-sil, a longtime friend and confidant.
Park, 66, has denied wrongdoing and was not present in court.
Prosecutors initially sought a 30-year sentence and a 118.5 billion won (112 million dollars) fine for Park,
after indicting her on charges that included bribery, abuse of power and coercion.
Park’s conviction on bribery, coercion, abuse of power and other charges was the first lower-court ruling on a criminal case to be broadcast live in South Korea.
Although Park is expected to appeal her prison term, the sentencing is likely to bring a sense of closure to the corruption scandal that engulfed her.

Her supporters, mostly elderly South Koreans, have insisted on her innocence, holding weekend marches in downtown Seoul and shouting for her release.
Following weeks of huge demonstrations calling for her ouster,the National Assembly impeached Park in December 2016 on charges of bribery and abuse of presidential power.
In March of 2017, the Constitutional Court upheld the assembly’s decision, making Ms. Park the first South Korean leader to be removed from officethrough parliamentary impeachment.
She was arrested three weeks later.
At the centre of the scandal that toppled Park’s government is the allegation that she and Choi, collected or demanded large bribes from three big businesses, including Samsung, the country’s largest family-controlled conglomerate.
Separately, the two women were accused of coercing 18 businesses into making donations worth 72 million dollars to two foundations that Choi controlled.


Related posts