Samsung Chairman Indicted for Tax Evasion Samsung Electronics is known in this country for flat screen TVs. In South Korea, Samsung is the biggest conglomerate, and a large chunk of the economy. That didn't stop a South Korean prosecutor from indicting Samsung's chairman for tax evasion Thursday.
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Samsung Chairman Indicted for Tax Evasion

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Samsung Chairman Indicted for Tax Evasion

Samsung Chairman Indicted for Tax Evasion

Samsung Chairman Indicted for Tax Evasion

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  • <iframe src="https://www.npr.org/player/embed/89713227/89713204" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
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Samsung Electronics is known in this country for flat screen TVs. In South Korea, Samsung is the biggest conglomerate, and a large chunk of the economy. That didn't stop a South Korean prosecutor from indicting Samsung's chairman for tax evasion Thursday.

LYNN NEARY, host:

NPR's business news starts with a scandal in South Korea.

(Soundbite of music)

Samsung Electronics is known in this country for flat-screen TVs. In South Korea, Samsung is the biggest conglomerate and a large chunk of the economy. That didn't stop a South Korean prosecutor from indicting Samsung's chairman for tax evasion today. He was also indicted for breach of trust, though he was cleared of a more serious bribery charge. A former company lawyer accused some top Samsung managers of keeping a slush fund of more than $200 million to bribe politicians, but the prosecutors decided not to arrest the chairman to avoid disruption at Samsung's 59 companies.

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