A year after the Seoul District Court sentenced the company's vice president to five years in prison for bribery and various corruption issues, South Korean authorities are pursuing his father, Lee Kun-hee, president of Samsung Electronics Group, for his involvement in the charges. Related to financial corruption and tax evasion.
According to Korean news site Korea Herald, Korean authorities specializing in tax evasion cases are investigating the head of Samsung for alleged illegal use of fictitious accounts, through which he withdrew large amounts of money from the company's accounts, which helped him evade tax.
According to the website, the authorities have accused Hong Kong of using the fake accounts to withdraw nearly 4.2 billion dollars (4.5 trillion won) from the accounts of his father, founder Lee Pyeongchul. The website quoted the Korean finance minister as saying that the authorities are currently assessing Tax on funds drawn from phantom accounts estimated at 1,000 accounts used over 10 years ago.
According to the BGR website, the investigation into the property assets of Lee Kun Hei began in 2008 with a special committee set up under the instructions of the South Korean government. Nearly 10 years later, some politicians of the ruling South Korean party revived the case again, Which ultimately led to the re-indictment of the head of the Grand Technical Empire.
On the other hand, the Democratic Party of Korea asked the government to disclose the details of all investigations into the case, and to publicly declare the amount of funds withdrawn through these calculations, and the value of taxes to be collected from the wealth of "Li Kun Hei."
This is not the first case or the scandals of financial corruption affecting the royal family of Samsung's empire. At the beginning of this year and after a few investigations, Lee Jae Young, the vice president and son of the company president, was sentenced to five years in corruption and bribery Korean and global public opinion, where major names in the world of management and business and politics, led by former South Korean President Park Gen Hia.