Prosecutors have asked for a 25 year jail sentence and a fine of 126.3 billion won for Choi, who was indicted last year on charges of forcing conglomerates such as Samsung Group and Lotte Corp (>> Lotte Corp) to donate millions to foundations, Yonhap news said.

Prosecutors accused Shin of paying bribes totaling 7 billion won to an organization linked to Choi in return for government favors in offering a duty free license, the spokesman said. Shin denied charges during trials.

In August, Jay Y. Lee, the head of South Korea’s top conglomerate Samsung Group, was sentenced to five years in jail over the bribery scandal.

In a separate corruption probe, South Korean prosecutors in October demanded a 10-year jail term for Shin. He faces a ruling on the corruption charges later this month.

(Reporting by Cynthia Kim and Hyunjoo Jin; Editing by Clarence Fernandez and Michael Perry)

Stocks treated in this article : Lotte Corp, Samsung Electronics Co Ltd