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Chairman of CJ Group, in custody for tax evasion, drops reappeal

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The ailing chairman of South Korea's CJ Group, Lee Jay-hyun, who is now in custody on charges of embezzlement and tax evasion, dropped the reappeal on Tuesday, the group said. The decision by Lee, who was sentenced to two and a half years in prison, raised the possibility that he…

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Click here to read the full story: The Korea Times

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