Lawyers for Samsung jailed heir, Lee Jae-Yong have filed an appeal against his conviction on Monday, August 28.
Lee Jae-Yong who was found guilty last week Wednesday, August 23 of bribing South Korea’s ousted president Park Geun-Hye was sentenced to five years in prison.
Lee Jae-Yong been escorted by prison guards in Seoul. Source: Jung Yeon-Je,AFP
Prosecutors have also indicated they will also appeal for a harsher punishment for the disgraced Samsung heir.
Samsung is the biggest of the chaebols, which is how the family-controlled conglomerates that dominate Asia’s economy in South Korea are defined with revenues taking a fifth of the country’s GDP.
Lee Jae-Yong who is the son of Samsung Group Chairman, Lee Kun-Hee had faced interrogation since investigation started in March this year.
Lee and four other Samsung executives are accused of bribing the powerful confidante of then-President Park Geun-Hye with millions of dollars to win presidential favors and ease a controversial 2015 merger deal.
The merger was seen as a key step in ensuring an untroubled power transfer to Lee from his father.
Park was formally impeached and removed from power in March after public uproar over her questionable ties with confidante Choi Soon-Sil sparked mass nationwide protests for months.