SEOUL - A South Korean high court began on Monday hearing a prosecution appeal over a decision by a lower court to clear Samsung Electronics (KS:Prosecutors are appealing against a February ruling that found Lee not guilty of all charges including accounting fraud and stock manipulation.
Shim Gi-ho, one of the prosecutors, said the prosecution found the lower court's decision"difficult to accept" and proposed bringing 11 witnesses to the stand in the appeal. 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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