South Korean police said on the 8th that Samsung Electronics President Lee Kun-hee and an executive found that they had opened up more than 400 billion won (about 2.327 billion yuan) worth of assets in the name of the executives of Samsung Group, concealing 4.2 billion yuan in tax evasion Won (47.64 million yuan).
In the course of the investigation, the police found several Lee Kum Kee debated accounts suspected of tax evasion and tax evasion and decided to conduct an investigation based on the relevant information provided by the National Tax Agency.
Police found that Lee Kun-hee and an executive of the Samsung Group that manages the funds set up 260 lending accounts to manage funds in the name of 72 senior managers. Police believe that Lee Kun-hee failed to pay the capital gains tax, consolidated income tax and other taxes required for 2007 to 2010 total 8.2 billion won.
The Yonhap news agency reported that the loan discovery account discovered by the police was a leak of fish caught in 2008 by the independent inspection team responsible for the Samsung case. In 2011, Samsung Group applied to the National Tax Office to declare the then-current account and recover huge sums of taxes. In 2014, the account was changed to real name. The police speculated that the flow of funds into the borrowed accounts was from the early 1990s to the beginning of this century. Given the time limit for litigation, only the flow of water after 2007 could be investigated.
Samsung said borrowing funds is the inheritance of his father Lee Bye-chan president's property. Samsung executives said they needed to provide a copy of ID card.