ID :
75297
Fri, 08/14/2009 - 15:48
Auther :
Shortlink :
https://www.oananews.org//node/75297
The shortlink copeid
Former Samsung chairman given suspended jail term for illicit bond deals
SEOUL, Aug. 14 (Yonhap) -- A Seoul court on Friday sentenced former Samsung Group
Chairman Lee Kun-hee to a three-year suspended prison term and a fine of 110
billion won (US$89.2 million) after finding him guilty of illegal bond
transactions that caused huge financial losses to a Samsung affiliate.
The Seoul High Court said it found the 67-year-old Lee guilty of forcing Samsung
SDS, a system integration unit of Samsung Group, to sell bonds with warrant to
his son and daughters at a huge discount in 1999, incurring a loss of 22.7
billion won to the Samsung company.
brk@yna.co.kr
(END)
Chairman Lee Kun-hee to a three-year suspended prison term and a fine of 110
billion won (US$89.2 million) after finding him guilty of illegal bond
transactions that caused huge financial losses to a Samsung affiliate.
The Seoul High Court said it found the 67-year-old Lee guilty of forcing Samsung
SDS, a system integration unit of Samsung Group, to sell bonds with warrant to
his son and daughters at a huge discount in 1999, incurring a loss of 22.7
billion won to the Samsung company.
brk@yna.co.kr
(END)
