1. The Chairman of Samsung has been Named as a Suspect in a $7.5 Million Tax Evasion Case

    The Chairman of Samsung has been Named as a Suspect in a $7.5 Million Tax Evasion Case
    • South Korean police have identified Samsung Chairman Lee Kun Hee as a potential suspect in a tax evasion case.
    • The evasion is worth 8.2 billion won ($7.5 million/£5.4 million), and it involves the use of employees' bank accounts.
    • The police also said that the money was found in the course of their probe into alleged improper payments for the renovation of Lee's family residence...
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    1. Samsung chairman Lee Kun-hee and a Samsung executive managed funds in 260 bank accounts under names of 72 executives, suspected of evading taxes worth 8.2 billion won ($7.5 million/£5.4 million).
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