Menu
Samsung's first family hit by more scandal

Samsung's first family hit by more scandal

Police have been investigating alleged misappropriation of company funds

South Korean police have said that Samsung Electronics chairman, Lee Kun-hee, is suspected of allegedly evading tax for 8.2 billion won (US$7.5 million), and of using bank accounts held by employees that held 400 billion won, according to a Yonhap News Agency report.

Police have been investigating alleged misappropriation of company funds used to pay for interior renovations of residences of his and his family's.

A series of scandals have dogged the family of Samsung, South Korea’s biggest business empire.

The chairman's son Jay Y. Lee, heir to the group, was released from a prison earlier this week after an appeals court halved his sentence for bribery and corruption to two-and-a-half years and suspended it for four years.

Samsung Electronics chairman Lee Kun-Hee arrives at Gimpo airport in Seoul after he visited several European countries and Japan, May 24, 2012. REUTERS/Lee Jae-Won/File Photo
Samsung Electronics chairman Lee Kun-Hee arrives at Gimpo airport in Seoul after he visited several European countries and Japan, May 24, 2012. REUTERS/Lee Jae-Won/File Photo

The elder Lee has been hospitalised since suffering a heart attack in 2014.

Samsung declined comment and police were not immediately available for comment.

In 2009, Lee was convicted and later pardoned for tax evasion after being embroiled in a scandal that he was using so called "borrowed named" accounts held by trusted employees.

Yonhap said police had found evidence of fresh bank accounts held by employees that Lee had used.

(Reporting by Ju-min Park and Joyce Lee; Editing by Simon Cameron-Moore)


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags samsungLee Kun-HeeJay Y. Lee

Events

Featured

Slideshows

Channel kicks 2021 into gear as After Hours returns to Auckland

Channel kicks 2021 into gear as After Hours returns to Auckland

After Hours made a welcome return to the channel social calendar with a bumper crowd of partners, distributors and vendors descending on The Pantry at Park Hyatt in Auckland to kick-start 2021.

Channel kicks 2021 into gear as After Hours returns to Auckland
The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards

Hundreds of leaders from the New Zealand IT industry gathered at the Hilton in Auckland on 17 November to celebrate the finest female talent in the Kiwi channel and recognise the winners of the Reseller News Women in ICT Awards (WIICTA) 2020.

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards
Show Comments