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Samsung's first family hit by more scandal

Samsung's first family hit by more scandal

Police have been investigating alleged misappropriation of company funds

South Korean police have said that Samsung Electronics chairman, Lee Kun-hee, is suspected of allegedly evading tax for 8.2 billion won (US$7.5 million), and of using bank accounts held by employees that held 400 billion won, according to a Yonhap News Agency report.

Police have been investigating alleged misappropriation of company funds used to pay for interior renovations of residences of his and his family's.

A series of scandals have dogged the family of Samsung, South Korea’s biggest business empire.

The chairman's son Jay Y. Lee, heir to the group, was released from a prison earlier this week after an appeals court halved his sentence for bribery and corruption to two-and-a-half years and suspended it for four years.

Samsung Electronics chairman Lee Kun-Hee arrives at Gimpo airport in Seoul after he visited several European countries and Japan, May 24, 2012. REUTERS/Lee Jae-Won/File Photo
Samsung Electronics chairman Lee Kun-Hee arrives at Gimpo airport in Seoul after he visited several European countries and Japan, May 24, 2012. REUTERS/Lee Jae-Won/File Photo

The elder Lee has been hospitalised since suffering a heart attack in 2014.

Samsung declined comment and police were not immediately available for comment.

In 2009, Lee was convicted and later pardoned for tax evasion after being embroiled in a scandal that he was using so called "borrowed named" accounts held by trusted employees.

Yonhap said police had found evidence of fresh bank accounts held by employees that Lee had used.

(Reporting by Ju-min Park and Joyce Lee; Editing by Simon Cameron-Moore)


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Tags samsungLee Kun-HeeJay Y. Lee

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