TITLE

Teflon Tycoons

AUTHOR(S)
Kitchens, Susan; Kroll, Luisa
PUB. DATE
May 2006
SOURCE
Forbes Asia;5/22/2006, Vol. 2 Issue 9, p16
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article focuses on the lack of effects of lawsuits and scandals faced by rich people on their monetary status in Asia. Chung Eui-Sun, chairman of Hyundai Motor, and his son were sent to jail due to their alleged illegal slush fund through which it bribed public officials. Lee Kun-Hee, the richest man in South Korea, promised to donate $800 million after facing two scandals. Yasuo Takei, founder of Takefuji, remains the richest man in Japan despite reducing his stake in the company after pleading guilty on ordering wiretaps on journalists.
ACCESSION #
21072383

 

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