Former head of SKorea's Samsung fined $US100 million

Updated July 16, 2008 22:35:27

One of South Korea's most powerful businessmen, the former head of the Samsung Group, Lee Kun-hee, has been given a suspended three-year sentence for tax evasion.

Lee has also been fined more than a $US100 million.

The 66-year-old was cleared of a number of other charges, including breach of trust.

Prosecutors had sought a seven-year jail term and a fine of more than $US350 million.

Lee stepped down from Samsung in April, after leading the group for more than 20 years.

He remains a key shareholder .

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