Former Senior Insider Attacks Samsung, Calls For Action Against Them

May 21, 2010

South Korea (ChattahBox) – A former senior employee of Samsung has released a book that details a number of crimes he accuses the company of supporting. Especially the disgraced – and then reinstated – head of the company.

Kim Yong-cheol has struck out with harsh allegations about the activities of Samsung’s starting family.

He was especially critical (and with good reason) of Lee Kun-hee, the company’s chairman.

Kun-hee was arrested in 2007 for corruption charges after he was found to have billions of dollars in accounts opened under fake names.

He was forced to resign, and given a suspended prison sentence. However, he was reinstated after a presidential pardon, in hopes that he would help to bring the 2018 Winter Olympics to the country.

But that isn’t the only scathing criticism Yong-cheol has leveled.

“I think there is no hope for Korea to control Samsung. If funds invest in companies committing crimes, I think this is criminal action by investors,” he said.

He also says that the company has bribed media sources to keep quiet about certain criminal activities.

His book, ‘Think Samsung’, is not being advertised¬† by any major media sources in South Korea, which seems to lead some credence to his claims.

However, Samsung disagrees.

“(Kim’s) allegations were examined in detail by an independent prosecutor and the Korean courts over the course of two years. The vast majority of the allegations were ruled by the Korean courts to be unfounded.”



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