A few days ago, Samsung boss Lee Jae-yong was released from prison on a successful appeal after serving almost a year of a five-year sentence for embezzlement and bribery. While on probation for four years, Lee is now a free man – something which is quite debatable. Seoul High Court turned the original court ruling and cut Lee’s sentence in half to two and a half years before an early release and probation were granted. However, his father, Lee Kun-hee could most certainly move to prison as he is charged with $7.5 million of tax evasion. So let’s dive in to see some more details on the matter.

Samsung Chairman Named A Possible Tax Evader By The South Korean Police

As we have mentioned earlier, Samsung’s chairman Lee Kun-hee is suspected in a new tax evasion case which is being investigated in South Korea. The local authorities have been calling him a suspect in the case but it is also said that he is not in a state to be questioned.

Lee Kun-hee has not been sighted publicly since May of 2014, after being hospitalized. He had a heart attack and was left in a coma state. He was hospitalized in the company’s Medical Center in Seoul. In addition to this, his medical condition has not improved as per the recent reports. In addition to this, it is also unclear whether he gained consciousness or not. The Korean police agency said:

“Samsung chairman Lee Kun-hee and a Samsung executive managed funds in 260 bank accounts under names of 72 executives, suspected of evading taxes worth 8.2 billion won,”

Lee Kun-hee was part of a scandal in which the prosecutors were allegedly used for bribing the state’s officials. As for now, the police also stated that Lee Kun-hee used employees; bank accounts that contained 400 billion won or $367.3 million. There will be more to the story, so be sure to stay tuned in for more details.

This is all for now, folks. What are your thoughts on the Lee Kun-hee named a possible tax evader by the South Korean police? Share your views with us in the comments section below.

Samsung chairman is suspected of tax evasion


Police in South Korea suspected Chairman of the Samsung concern Lee Hong-hee in tax evasion, for which purpose numerous bank accounts were opened, open to the names of his subordinates. This was reported on Thursday by the Reuters agency referring to the statement of the National Police Agency of the country.

"Samsung Chairman Lee Hong-hee and one of Samsung's managers disposed of the funds posted on 260 bank accounts that were open to the names of 72 managers suspected of tax evasion worth 8.2 billion won (about $ 7.5 million)," the agency quoted a fragment of the statement. It is noted that in total about 400 billion won (about $ 368 million) was placed on the accounts.

Now the police intend to send the case to the prosecutor's office, but they did not manage to talk with the chairman of Samsung himself because of his state of health. As noted by the agency Yonhap, in 2014, Li Hong Hi suffered a heart attack, as a result of which he was confined to bed.

Earlier this week, the Court of Appeal of the Republic of Korea released from prison after a year of imprisonment the son of Li Hong-hee - deputy chairman of Samsung's Li Zhe Yong group. The court of second instance appointed him a suspended sentence. Li Zhe Yong, who in fact is the head of the corporation due to his father's health condition, was suspected of bribing the representatives of the environment of the former president of the country Pak Kin He.

Corruption scandal, which was involved Li Zhe Yong, in March last year led to the removal of Pak Kun Hye from the post of head of state.