Prosecution demands 5-year sentence for CJ chief in appeal

SEOUL, Aug. 14 (Yonhap) -- Prosecutors again sought a five-year jail sentence Thursday for the chairman of food and entertainment conglomerate CJ Group convicted of a host of corporate crimes.

A Seoul district court in February sentenced Lee Jay-hyun to four years behind bars for misappropriating some 160 billion won (US$150 million) in company assets to offshore slush funds and dodging taxes in the process.

Both Lee and the prosecutors appealed the verdict.

"Chairman Lee should be strictly punished as he dodged taxes and embezzled company funds when he was supposed to manage the company in a transparent and healthy way," a prosecutor in charge of the case told Seoul High Court.

The 54-year-old tycoon, who was released from prison for hospital treatment, has attended appeals trials without physical detention.

The court suspended detention of the chairman until Aug. 22.

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