https://wccftech.com/samsung-fraud-biologic-4-billion/

Korean tech giant Samsung is no stranger to controversy. The company faced sharp criticism for flagship product failures and its executives have also found themselves on the wrong side of the law. Samsung's top executive, Mr. Lee Jae-Yong has seen trouble in courts as well, after he was released on probation in February last year. Now, three executives of Samsung Electronics have been sentenced for up to two years by the Seoul District Court in South Korea following accusations of ordering employees of Samsung BioLogics Co Ltd (KRX:207940) to conduct financial impropriety.

In June this year, prosecutors in Seoul, the South Korean capital, summoned Mr. Chung Hyun-Ho to question him regarding accounting fraud at the chaebol's biotech arms, Samsung BioLogics (KRX:207940) and Samsung Bioepis. The summoning proceeded after authorities raided a Samsung BioLogics factory in May and uncovered a trove of electronic devices involved in an accounting coverup that took place in 2015.