You are here: Home » Companies » News
Business Standard

Samsung's chairman Lee named as suspect in $7.5 million tax evasion case

Samsung's chairman Leee Kun-Hee was named by South Korean police on Thursday as a suspect in a $7.5 million tax evasion case

Reuters  |  Seoul 

Samsung Electronics' ailing chairman, Lee Kun-hee, was named by South Korean police on Thursday as a suspect in an 8.2 billion won ($7.5 million) tax evasion case that involved the use of bank accounts held by employees. A series of scandals have dogged the family of Samsung, the country's biggest business empire. The chairman's son Jay Y. Lee, the heir to the Samsung Group, was released from detention earlier this week after an appeals court halved his sentence for bribery and corruption to 2-1/2 years and suspended it for four years. Following a heart attack in ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Thu, February 08 2018. 15:15 IST
RECOMMENDED FOR YOU