CJ Group chief allegedly bought artwork using borrowed names: sources
Social affairsJun 22, 2013
Prosecutors investigating CJ Group may have secured a key piece of evidence that the conglomerate's chief allegedly purchased artwork with the use of borrowed names, informed sources said Saturday.Lee Jae-hyun, chairman of the local food and entertainment conglomerate, is accused of stashing secret funds worth hundreds of millions of dollars via deals involving expensive art pieces and evading taxes in the process, sources said.Dozens of the group's executives have purchased up to 300 famous wor