The Bottom Line
A Korean special prosecutor indicted Samsung Group Chairman Lee Kun-hee on tax-evasion and breach-of-trust charges, but cleared him of more serious bribery allegations.
AKorean special prosecutor indicted Samsung Group Chairman Lee Kun-hee on tax-evasion and breach-of-trust charges, but cleared him of more serious bribery allegations. Lee faces five years to life in prison if convicted, although Korean judges tend to issue lenient sentences for corporate leaders. (Reuters) Lee will not be arrested in the meantime, prosecutors said, as that would “cause enormous disruptions” at Samsung and have “negative repercussions on our economy.” Samsung companies account for an estimated one-fifth of Korean exports. (AP in Yahoo! Finance)
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