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 [...]