Samsung accused of $64m art fraud


 

The Art Newspaper

Lucian Harris | 2.1.08 | Issue 187

The conglomerate’s former house attorney alleges that the chairman set up a slush fund which his wife used to buy art.

LONDON. Over $64m from a slush fund set up by Lee Kun-hee, chairman of Samsung, was allegedly used to buy art for his wife Ra Hee Hong Lee who is director-general of the Leeum, Samsung Museum of Art, according to the Korean corporation’s former house attorney. None of the art has been exhibited in Korea and its whereabouts is presently unknown. Samsung denies the allegations.

 

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©2008 The Art Newspaper

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