Samsung chairman under investigation for $4.2 billion tax dodge

Samsung Chief's Tax Evasion

Authorities in Korea aren’t done investigating the family behind the Samsung empire. This time around it’s Samsung’s Chairman Lee Kun-hee, who allegedly used accounts opened under borrowed names to withdraw money from the company and avoid taxation.

The accounts have been used for illegal transfer of wealth from Lee’s father, the founder of Samsung, Lee Byung-chull, and totaled some $4.2 billion.

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Samsung chairman under investigation for $4.2 billion tax dodge originally appeared on on Wed, 29 Nov 2017 at 18:34:40 EDT. Please see our terms for use of feeds.

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