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Ex-Samsung CEO Lee Kun-hee Convicted of Tax Evasion

By John Mahoney on July 16, 2008 at 3:28 PM

AP is reporting that the former head of Samsung Lee Kun-hee was convicted today in his US$100 million+ tax-evading slush fund scandal that broke earlier this year. He will receive a suspended sentence (no jail time) and be fined US$109 million. The prosecution was seeking 7 years of jail time and a fine of US$347 million. [AP]

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