A court will deliver its verdict on Samsung Electronics Vice Chairman Lee Jae-yong on Friday who is facing five charges: bribery, embezzlement, illegal transfer of assets, concealment of criminal proceeds and perjury.
 
At the center of the allegations, Lee is accused of providing and promising some 43-point-three billion won worth of bribes to the Mir and K-Sports foundations controlled by former President Park Geun-hye’s longtime confidante Choi Soon-sil.
 
The figure includes 13-point-five billion won promised for sponsorship of equestrian training for Choi’s daughter, Chung Yoo-ra.
 
The prosecution indicted Lee for embezzlement as it sees the 29-point-eight billion won actually paid as corporate money misappropriated by Lee for personal gains.
 
Lee is also indicted for illegal overseas transfer of money. The prosecution insists Lee attempted to sneak his assets overseas in the process of paying seven-point-eight billion won in a deal with Core Sports, a paper company based in Germany believed to be controlled by Choi.
 
The prosecution also claimed that Lee attempted to conceal criminal proceeds in the process of purchasing horses for Choi’s daughter.
 
The de facto chief of the Samsung Group is also facing a perjury charge as he claimed his innocence and denied any knowledge of the allegations at a parliamentary hearing last year. 

Prosecutors are asking for a 12-year jail sentence.