South Korean prosecutors are not satisfied with the first-instance acquittal of Samsung Electronics Chairman Lee Jae-yong and have filed an appeal.

According to the Korean media "Chosun Ilbo", South Korean prosecutors have appealed against the verdict of Samsung Electronics Chairman Lee Jae-yong who was acquitted in the first trial of "illegal inheritance of management rights". The first-instance judgment in this case was released at around 4 p.m. on February 8. The appeals process is ongoing.

According to reports, the theoretical deadline for filing an appeal is the 13th of this month, but the Korean Procuratorate submitted the appeal to the court in advance before the start of the Korean holiday.

▲ Picture source 조선일보

According to a report on this website on February 5, the Seoul Central District Court in South Korea sentenced Samsung in the first instance that day Executive Lee Jae-yong and others were found not guilty. They were accused of stock manipulation in the 2015 merger of Cheil Industries and Samsung C&T and fraud in the audit of Samsung Biotech, aiming to create a favorable environment for Lee Jae-yong to succeed his father Lee Kun-hee. But the court found them not guilty, saying there was insufficient evidence to prove their guilt.

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