A corrupt ex-president is jailed for 25 years, fined millions (in S. Korea)

A corrupt ex-president is jailed for 25 years, fined millions (in S. Korea)
Former South Korean President Park Geun-hye had her lengthy prison sentence for corruption in office extended by an appeals court Friday.
In April, a district court sentenced Park to 24 years in jail and fined her 18 billion won ($16.8 million) over bribery, extortion, abuse of power and other charges.

That ruling came a year after she was removed from office following months of street rallies over the corruption scandal that also led to the arrests of dozens of high-profile figures.

The Seoul High Court handed out a 25-year prison sentence Friday after concluding Park took more money in bribes than initially believed. The court increased her fine to 20 billion won ($17.8 million).

The court said both Park and prosecutors have one week to appeal.

Park is the daughter of late dictator Park Chung-hee. She was elected as South Korea’s first female president in late 2012.

Her stunning fall dealt a serious blow to conservatives in South Korea, helping liberal Moon Jae-in score an easy victory in a presidential by-election in May last year.

Park has called herself a victim of political revenge.

In July, Park received an additional eight years in prison for abusing state funds and violating election law in a separate election law. That made the 66-year-old face the prospect of more than three decades behind bars.

Read on EuroNews

Share:

Author: HEDGE

Hedge Accordingly was founded ahead of the global financial crisis in January of 2008, with the goal of providing our readers our unique take on The Latest News on Wall Street, Stocks, #Politics and Business news. Hedge Accordingly produces both original, and aggregated #Wallst news content from top publishers around the world. We curate aggregated content covering the latest news on politics, stocks, wall street, and the tech industry. We also provide free stock charting, quotes and a bitcoin, forex and currency exchange. Learn More About HEDGEaccordingly.com