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Lee Jay-hyun

July 18, 2013

The family head of CJ Group, one of South Korea's largest chaebols, was indicted today for tax evasion and embezzlement.

The family head of CJ Group, one of South Korea's largest chaebols, was indicted today for tax evasion and embezzlement.

Third-generation chairman of the food, pharmaceuticals and biotechnology group Lee Jay-hyun, 53, was accused of dodging 54.6 billion won (€37 million) in taxes, and of creaming off 96.3 billion won in company assets to fill a personal slush fund.

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