[Alpha Biz=(Chicago) Reporter Kim Jisun] The prosecution appealed to the first trial court's acquittal of Samsung Electronics Chairman Lee Jae-yong over the alleged unfair merger between Samsung C&T and Cheil Industries.

The Seoul Central District Prosecutors' Office said on the 8th that it has submitted an appeal to the Seoul Central District Court's Criminal Agreement Department 25-2 (chief judge Park Jung-je, Ji Gwi-yeon and Park Jung-gil).

Chairman Lee was indicted in September 2020 on charges of planning and pushing for a merger between Samsung C&T and Cheil Industries in 2015 and committing accounting fraud and fraudulent transactions in the process.

The court acquitted him on the 5th.

 

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