South Korean prosecutors seek 30 years' jail for ousted president

Agencies
February 27, 2018

Seoul, Feb 27: South Korean prosecutors on Tuesday sought a 30-year jail term for former president Park Geun-hye who was ousted last year amid an influence-peddling scandal as supporters braved the winter cold outside the Seoul court demanding her immediate release.

Park, 66, was dismissed in March after being impeached and is standing trial on charges of bribery, abuse of power and coercion in a case that rocked the country’s business and political elite. She denies wrongdoing.

The prosecution’s recommendation came two weeks after Choi Soon-sil, a longtime friend of Park who was at the center of the scandal, was jailed for 20 years for taking bribes from "chaebol", or conglomerates, including electronics powerhouse Samsung and retail giant Lotte.

Prosecutors are also seeking a 118.5 billion won ($127.1 million) fine for Park, who has been detained since 31 March 2017.

Park Seung-gil, a lawyer representing the former president, tearfully pleaded before Seoul Central District Court for mercy, saying Park had tried her hardest in leading the country “day and night”.

Park’s trial began in May and a verdict is expected before April in a case that brought scrutiny to the cosy ties between South Korea’s political leaders and its largest chaebol, the so-called “Republic of Samsung”.

“(Park) brought a national crisis by letting a person who has never been involved in state management rule the country,” a prosecutor said.

“She and Choi took tens of billions of won in bribes and yet denied her crimes and obstructed efforts to establish the truth.”

Receiving bribes carries a penalty of up to life in jail.

Hundreds of supporters gathered outside the court, proclaiming Park’s innocence.

"Immediately release our president," they chanted.

The Liberty Korea Party, a conservative opposition party formerly led by Park, condemned the call for jail.

“What the prosecution is demanding is harsher than the death penalty,” the party said in a statement.

 Seoul Central District Court had also sentenced Shin Dong-bin, chairman of the country’s fifth-largest conglomerate, Lotte Group, to two years and six months in prison in the same case.

Seoul High Court suspended a prison sentence for Samsung Group heir Jay Y Lee in early February — a surprise decision that sent shockwaves through political and business circles.

The court sentenced Lee to two and a half years in jail on charges including bribery and embezzlement — reducing the original term by half — but suspended the sentence for four years, meaning that he is unlikely to serve any more time in jail.

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News Network
March 6,2020

Mar 6: UK stocks fell again on Friday as growing economic risks from the coronavirus outbreak shattered investor confidence, with Britain recording its first death from the pathogen.

A 1.5% fall for the FTSE 100 erased the blue-chip index's gains from earlier this week. Export-heavy companies have now lost over $230 billion in value since the epidemic sparked a worldwide rout last week.

The domestically focussed mid-cap index was down 1.9%.

Cruise operator Carnival dropped 4.2% to its lowest level since 2012, a day after its Grand Princess ocean liner was barred from returning to its home port of San Francisco on virus fears.

Britain said an older person with underlying health problems had succumbed to the flu-like virus on Thursday, while the number of infections jumped to 115.

In company news, drug maker AstraZeneca fell 1% after it said its treatment for a form of bladder cancer failed to meet the main goal of improving overall survival in patients in a late-stage study.

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News Network
June 24,2020

Geneva, Jun 24: The global cumulative count of confirmed coronavirus cases is approaching nine million, with 133,326 cases recorded over the past day, the World Health Organisation (WHO) said in its daily situation report on Tuesday.

Over the past 24 hours, 3,847 people died from COVID-19 worldwide, taking the cumulative death toll to 469,587 fatalities, according to the report.

The global case total has now reached 8,993,659.

The Americas still account for the majority of cases and deaths -- 4.4 million and 224,207, respectively.

The United States remains the country with the highest count of cases and fatalities -- 2.3 million and 119,761, respectively.

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News Network
July 20,2020

Islamabad, Jul 20: Six advisors of Pakistan Prime Minister Imran Khan posses dual citizenships and several of top 20 aides have admitted of owning movable and immovable assets worth millions of dollars abroad.

The list was published on the official website of Pakistan government's cabinet division.
All the dual nationals were working as special assistants to the prime minister (SAPM). 

These people include SAPM on Overseas Pakistanis Syed Zulfiqar Abbas Bukhari (UK), SAPM on Power Division Shahzad Qasim (US), SAPM on Petroleum Nadeem Babar (US), SAPM on Political Affairs Shahbaz Gill (US), SAPM on Parliamentary Coordination Nadeem Afzal Gondal (Canada) and SAPM on Digital Pakistan Tania Aidrus (Canadian citizenship by birth).

According to Gulf News report, the wealthiest SAPM is Power Division and Mineral Resources Assistant Shahzad Syed Qasim who has assets worth over Rs 4 billion followed by SAPM on Petroleum Nadeem Babar with assets worth Rs 2.75 billion. Meanwhile, Adviser for Overseas Pakistanis Syed Zulfiqar Abbas Bukhari's net assets is estimated over Rs 2 billion.

Giving further details of the wealthiest SAPM, the official website stated that the PM's aide on Power Division and Coordination of Marketing and Development of Mineral Resources owns assets in Pakistan, UAE and US. His three properties in UAE include two villas in Jumeirah Golf Estates and Sienna Lakes, Jumeirah Golf Estates and an apartment at Park Towers, DIFC - all worth Dh20,688,000. He has three cars in the UAE worth Dh400,000 and in the US, he has property worth US$865,000 while he has Rs 4 billion in various local and foreign bank accounts and retirement funds including $2.1 million in US.

Meanwhile, Nadeem Babbar, who is Special Assistant on Petroleum Division, owns assets worth over Rs 2.7 billion, including several properties in Pakistan and abroad and stakes in more than 30 local and foreign companies.

The Gulf News further reported that in the list Dr Moeed Yusuf's, Special Assistant to the Prime Minister on National Security Division and Strategic Policy Planning, the name was also included but was later withdrawn as it was clarified that he had the US residency and only holds the citizenship of Pakistan as per the affidavit submitted to the government. "I have not returned to the US since I took up my current responsibility, have no employment or income in the US nor do I have any millions worth properties abroad" Dr Yusuf was quoted as saying.

The latest list on PM Imran Khan's advisors possessing dual nationalities has sparked strong criticisms by the Opposition leaders.

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