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16 Jul 2008
The former chairman of Samsung has been given a 110bn won (£55m) fine and a three-year suspended sentence today after being found guilty of tax evasion by a South Korean court.
Lee Kun-Hee, hid more than £2bn of assets, but was acquitted on charges of breach of trust and the court decided his crimes did not justify a prison term, The Times reported.
Judge Min Byung-Hun, of the Seoul Central District Court, said: 'His crime is not serious enough to sentence him to prison.'
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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