SEOUL: The head of South Korean food and entertainment giant CJ Group was charged with embezzlement and tax evasion, prosecutors said, as Seoul seeks to rein in family-controlled business groups.
Lee Jae-hyun, 53, allegedly stashed away undeclared assets worth about 96 billion won (RM273mil) and evading taxes worth 54.6 billion won (RM155mil) since 2004.
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