Prosecution appeal begins for Samsung chief Lee over 2015 merger case

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Keegan Matheson on Blue Jays, Baseball Memories, and More | SaltWire #writer #torontobluejays #mlbSEOUL - A South Korean high court began on Monday hearing a prosecution appeal over a decision by a lower court to clear Samsung Electronics chairman Jay Y. Lee of all charges in a case related to a 2015 merger of Samsung companies.

Lee was not required to attend Monday's preparatory hearing at the Seoul High Court. Preparatory hearings are conducted to set up future schedules. Lawyers for Lee and other defendants opposed the proposal, saying the witnesses were neither independent from the case nor likely to reveal new facts. Lee, 55, and other former executives had been accused of engineering a merger between two Samsung affiliates - Samsung C&T and Cheil Industries - in a way that dealt poorly with interests of minority shareholders.

 

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