CJ chairman gets 4-year prison term for corporate crimes
Seoul - Yonhap
A Seoul court on Friday sentenced the chairman of food and entertainment conglomerate CJ Group to four years in prison for tax evasion and embezzlement. Lee Jay-hyun was found guilty of misappropriating 165.7 billion won (US$156 million) in company assets to offshore slush funds and dodging taxes in the process starting in 2004.
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