Samsung chairman named as suspect in tax evasion case
S Korean police say Lee Kun Hee managed funds in 260 bank accounts, suspected of evading 8.2b won in taxes
Seoul
SAMSUNG Electronics' ailing chairman, Lee Kun Hee, was named by South Korean police on Thursday as a suspect in an 8.2 billion won (S$10 million) tax evasion case that involved the use of bank accounts held by employees.
A series of scandals have dogged the family of Samsung, the country's biggest business empire.
The chairman's son Jay Lee, heir to the Samsun…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Technology
'Harvesting data': Latin American AI startups transform farming
After long peace, Big Tech faces US antitrust reckoning
Tech’s cash crunch sees creditors turn ‘violent’ with one another
Tech millionaires chase billionaire tax shields with ‘swap fund’
Elon Musk’s Starlink profits are more elusive than investors think
Hollywood animation, VFX unions fight AI job cut threat