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jail

July 17, 2008

The former chairman of Samsung has received a suspended prison sentence after being found guilty of tax evasion at a court in Seoul, South Korea.

The former chairman of Samsung has received a suspended prison sentence after being found guilty of tax evasion at a court in Seoul, South Korea.

Lee Kun-hee (pictured), who resigned in April after 20 years at the head of the family business, was sentenced to three years in jail with a five-year suspension.

The second-generation family patriach was charged with hiding $4.5 billion in borrowed-name accounts, evading $112.8 million in taxes. He was asked to repay all the money he evaded in tax.

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