Home   >   Business   >   Five-year prison term demanded for CJ chairman

Five-year prison term demanded for CJ chairman

August 14, 2014

By Na Jeong-ju

The prosecution asked the appeals court to increase the jail term for CJ Group Chairman Lee Jay-hyun to five years, Thursday, saying he deserved a harsher punishment.

In February, Lee was sentenced to four years in prison and fined 26 billion won (about $25 million) by a district court after being found guilty of tax evasion and embezzlement.

The prosecution demanded that the appeals court also increase the fine to 110 billion won.

Lee was detained in July last year for evading 54.6 billion won in taxes and embezzling 96.3 billion won of company money.

He was given a temporary parole early this year to receive medical treatment for health troubles apparently caused by a kidney transplant he received last year.