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

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