Chairman of CJ Group, in custody for tax evasion, drops reappeal
Jul 19, 2016
The ailing chairman of Korea's CJ Group, Lee Jay-hyun, who is now in custody on charges of embezzlement and tax evasion, dropped the reappeal on Tuesday, the group said. The decision by Lee, who was sentenced to two and a half years in prison, raised the possibility that he could be included into next month's planned special pardon by President Park Geun-hye.If Lee is included into the planned pardon, his guilt verdict should be upheld. CJ Group, a food and entertainment conglomerate, said Lee d