He was accused of tax evasion and embezzlement of company assets of 11.8 billion won.
On the morning of October 25th, according to Yonhap News, South Korea’s Samsung Chairman Lee Jianxi passed away at the age of 78.
Prior to this, Li Jianxi was accused of tax evasion and embezzlement of the company’s total assets of more than 11.8 billion won (about 10.5 million US dollars). This includes hiding its equity assets in more than 480 economic accounts in the name of Samsung executives to evade capital gains tax of 8.5 billion won ; also including the embezzlement of about 3.3 billion won from Samsung C&T Corp during 2009-2014. .) Funds to renovate its mansion in Seoul.
On December 27, 2019, South Korean prosecutors announced the suspension of prosecution of Li Jianxi, mainly due to his poor health.
According to Yonhap News Agency’s report that day, the prosecution’s decision actually meant that they were closing the case against South Korea’s richest man. Li Jianxi has been in a coma since his heart attack in 2014.
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