South Korean Prosecutors Appeal Against Acquittal of Samsung’s Lee

Jay Y. Lee departs Seoul Central District Court on Feb. 5.

Photographer: SeongJoon Cho/Bloomberg
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South Korean prosecutors are appealing a Seoul court ruling that cleared Samsung Electronics Co. Executive Chairman Jay Y. Lee of all charges including stock-price manipulation and accounting fraud.

The Seoul Central District Prosecutors’ Office filed an appeal Thursday, according to a spokesperson at the office, confirming a reportBloomberg Terminal by the Chosun Ilbo newspaper. The appeal means the case will be heard by a higher court.