28 Feb '12, 3am

Samsung chairman sued by sister in inheritance feud

Samsung chairman sued by sister in inheritance feud

SEOUL: The chairman of South Korea's Samsung Electronics is being sued by his elder sister as part of a growing feud over the vast family inheritance, her lawyer said Tuesday. Lee Sook-Hee filed the suit demanding that Lee Kun-Hee return part of the sum which their father left before dying in 1987, a spokesman for Hwawoo law firm told AFP. The spokesman declined to give details but said the legal action was on the same lines as an earlier suit filed by Lee Maeng-Hee, the elder brother of the 70-year-old chairman. Lee Maeng-Hee accuses the Samsung boss of taking over shares which their father, the founder of the group, had held under the names of other people including Samsung executives. He demanded that the younger brother return shares in Samsung Electronics - the group's flagship firm - and in Samsung Life Insurance as well as cash, worth 710 billion won ($623 million) ...

Full article: http://www.channelnewsasia.com/stories/afp_asiapacific_bu...

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