BusinessCompany NewsEx-Samsung chief hit with £55m tax evasion fine

Ex-Samsung chief hit with £55m tax evasion fine

Former chairman of Samsung spared jail, but given a £55m fine and a three-year suspended sentence

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.’

Further reading:

Former
Samsung chairman facing jail

Related Articles

M&S business rate liabilities based on £570m rateable value

Company News M&S business rate liabilities based on £570m rateable value

4m Emma Smith, Managing Editor
BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

8m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

12m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

1y Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

1y Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

1y Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

1y Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

1y Emma Smith, Managing Editor