Jul
20
2008
Ex-Samsung boss fined $109 million for tax evasion, collar too white for jail
Posted by: in Misc. Gadgets NewsFiled under: Misc. Gadgets
Bringing an end to the Samsung slush fund probe, a South Korean court has fined Lee Kun-hee, Samsung’s former Chairman and son of the chaebol’s founder, $109 million for tax evasion. A rather favorable decision when you consider that prosecutors sought a seven-year jail sentence and a fine of $347 million. The court stated that his crimes did not justify a prison term. Lee, appearing relieved by the decision, apologized again saying, “I’m sorry for causing trouble to the people,” presumably while adjusting his monocle and top-hat from atop his golden chariot.
Popularity: 1% [?]
Entries (RSS)