April 13 (UPI) -- Prosecutors in Samsung heir Jay Y. Lee's bribery trial said Thursday the company engaged in horse laundering to conceal the gift of a valuable horse.
In the second round of trials in Seoul Central District Court, prosecutors introduced evidence of text messages and other memos to support allegations that Lee, 48, gave a horse named Vitana V to Choi Soon-sil, a confidante of former South Korean President Park Gyun-hye, for use in equestrian events by Choi's daughter. Lee, also known as Lee Jae-yong, offered to replace the horse, valued at $885,000, with another, named Vladimir, after media scrutiny of the transaction and of Choi's influence in Park's administration began, prosecutors said.