Samsung has had an excellent financial year so far. All three of its flagship phones have been received well and performed well in the market. However, organisationally, the South Korean tech giant has had a rough patch. Now, it appears that authorities in South Korea are still going after the family that runs the Samsung empire. Samsung’s Chairman Lee Kun-hee has allegedly used accounts opened under borrowed names to withdraw money from the company and avoid taxation.
The accounts have been used for illegal transfer of wealth from Lee’s father, the founder of Samsung, Lee Byung-chull, and the sum has been estimated around to be $4.2 billion.
Reports suggest that the [...]
Samsung’s vice chairman Lee Jae-yong has been arrested in South Korea for charges of bribery and of hiding criminal proceeds and violating laws pertaining to transferring assets abroad. The court had found him guilty in January of 2017, but a warrant for his arrest was made only yesterday for the remaining charges.
The rationale for and the necessity of (Lee’s) arrest is acknowledged considering the new charges and additional evidence collected- Said the court
The charge of significant proportions putts Lee Jae-yong for bribing the South Korean President Park Geun-hye $38 million for allowing special privileges to Samsung as a brand. The stories of Samsung [...]
In a very interesting twist of events, the Metropolitan Police (MPS) in the UK have declared riding of hoverboards in public illegal in accordance with a law issued in -brace yourself- 1835.
The law, which was passed 180 years ago and made taking a “horse, ass, sheep, mule, swine, or cattle” on pavement illegal, has now also added a two-wheeled Segways to the list.
Users can now ride hoverboards only on private property with the landowner’s permission. The MPS Specials account tweeted on Sunday, declaring the “the self-balancing scooters,” banned from public pavements and parks.
Own one of these or thinking about getting [...]
