Korean court commutes jail term of CJ chairman
CJ Group
Seoul - Yonhap
A Seoul appeals court, partially overturning a lower court's ruling, on Friday commuted a jail term of the chairman of food and entertainment conglomerate CJ Group to three years.
Lee Jay-hyun was indicted on charges of misappropriating 165.7 billion won (US$156 million) in company assets to offshore slush funds and dodging taxes in the process.
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