Former Samsung Group chief didn’t use his Instinct!

Way back in April, former Samsung Group chief Lee Kun-hee was indicted on charges of evading taxes on millions of dollars that he had hid in stock accounts under the names of his children. Well, he has been ordered to serve a 3-year suspended jail term and fined 110 billion won ($109 million USD) – which is more than double the amount he “borrowed”. In addition, Lee Kun-hee was cleared of other charges. Lee Kun-hee said: “I am sorry, I have to continue to feel responsible.” Even though – his instincts failed him. Full story here

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