OSAKA -- Prosecutors on Tuesday demanded a 71/2-year prison term for Heo Young Joong, who is standing trial at the Osaka District Court for allegedly conducting shady deals leading to the 1993 collapse of trading house Itoman Corp.
Prosecutors also demanded a fine of 500 million yen for the 53-year-old real estate company president, the charges against whom include aggravated breach of trust and tax evasion.
In stating their demands, prosecutors said Heo's actions were "extremely well-premeditated and caused a huge amount of damage to (Itoman)."