Samsung keeps mum on dubious money transfer

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Samsung Electronics office in Seocho-dong, Seoul / Yonhap
By Nam Hyun-woo

Samsung Electronics has remained silent on a news report alleging that its unit in the Netherlands received $93 million from paper companies based in tax havens via a Lithuanian bank involved in international money laundering schemes.

Samsung officials refused to confirm or deny the report, the same stance they take whenever unfavorable media reports surface.

News Tapa reported Tuesday night that four paper companies in British Virgin Islands, Panama and other regions sent a total $93 million to Samsung Electronics Overseas

... read more at: https://www.koreatimes.co.kr/www/tech/2019/03/133_264900.html