Samsung’s Lee Faces Probe Over Tax Evasion Allegation: Yonhap

South Korean prosecutors began investigation over allegation that Samsung Electronics Vice Chairman Jay Y. Lee may have set up a paper company in an offshore tax haven, Yonhap News reports, citing Seoul Central District prosecutors office.

• A South Korean minor party asked prosecutors office to investigate Lee over alleged tax evasion and hiding assets overseas after Newstapa earlier this month reported Lee set up a shell company in the British Virgin Islands in 2008 to open a corporate account at a Swiss bank
• Samsung Electronics spokesperson declined to comment on the report
• NOTE: Samsung’s Lee, already convicted for bribery, is ...